The following amortization and interest schedule reflects the issuance of 10-year bonds by Nash Corporation on January 1, 2014, and the subsequent interest payments and charges. The companys year-end is December 31, and financial statements are prepared once yearly.

Amortization Schedule
Year		Cash		Interest		Amount Unamortized		Carrying Value
1/1/2014						$15,934		$ 125,066
2014		$14,100		$15,008		15,026		125,974
2015		14,100		15,117		14,009		126,991
2016		14,100		15,239		12,870		128,130
2017		14,100		15,376		11,594		129,406
2018		14,100		15,529		10,165		130,835
2019		14,100		15,700		8,565		132,435
2020		14,100		15,892		6,773		134,227
2021		14,100		16,107		4,766		136,234
2022		14,100		16,348		2,518		138,482
2023		14,100		16,618				141,000

(a) Indicate whether the bonds were issued at a premium or a discount. (b) Indicate whether the amortization schedule is based on the straight-line method or the effective-interest method. (c) Determine the stated interest rate and the effective-interest rate. (Round answers to 0 decimal places, e.g. 18%.)

(d) On the basis of the schedule above, prepare the journal entry to record the issuance of the bonds on January 1, 2014.

(e) On the basis of the schedule above, prepare the journal entry to reflect the bond transactions and accruals for 2014. (Interest is paid January 1.

(f) On the basis of the schedule above, prepare the journal entries to reflect the bond transactions and accruals for 2021. Nash Corporation does not use reversing entries.