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The following amortization and interest schedule reflects the issuance of 10 -year bonds by Cullumber Corporation on January 1 , 2019, and the subsequent interest

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The following amortization and interest schedule reflects the issuance of 10 -year bonds by Cullumber Corporation on January 1 , 2019, and the subsequent interest payments and charges. The company's year-end is December 31 , and financial statements are prepared once yearly. Click here to view factor tables a. Indicate whether the bonds were issued at a premium or a discount. b. Indicate whether the amortiration schedule is based on the straight-line method or the effective-intereat method c. Determine the statrd interest rate and the effective-interest rate. The statsd rate The effective rate: d. On the basis of the schedule above, prepare the journal entry to record the issuance of the bonds on January 1, 2019. (If no entry ls required, select "No Entry" for the account titles and enter 0 for the amounts. Credit occount titles are outomotically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries) e. On the basis of the schedule above, prepare the journal entry or entries to record the bond transactions and accruals for 2019. (Interest is paid January 1) (if no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are autometically indented when the amount is entered. Do not indent manually. List all debit entries before credit entrles) 4. On the basis of the schedule above, prepare the journal entry or entries to record the bond transactions and accruals for 2026. Cullumber Corporation does not use reversing entries. (Record entris in the order diployed in the problem statement. If no entry is required, select "No Entry" for the occount bites and enter O for the amounts. Credit occount tities are outomatically indented when the amount Is entered. Do not indent manualy. Ust oll debit entries before credit entriec)

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