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The following amortization and interest schedule reflects the issuarke of 10 -year bonds by Cullumber Corpor ation on Jantary 1 , 2019 , and the

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The following amortization and interest schedule reflects the issuarke of 10 -year bonds by Cullumber Corpor ation on Jantary 1 , 2019 , and the subsequent interest payments and charges. The compariys 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 amortization schedule is based on the straight-line method or the effective-interest method c. Determine the stated interestrate and the effective-interest fate The stated rate x The effective rate 86 d. On the basis of the sctuedule above, prepare the journal entry to record the isauance of the bonds on January 1, 2019. 0f no entry is nevired seloct "No Entry' for the cocount tiles and enter Ofor the amounts. Credit ocoount bites are automoticolly indented when the anount Is entered. Do not indent moruilil List oll debit entrits 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) (ff no entry is requirnd, select "No Entry" for the occount titles and enter ofor the amounts Credit occount dibes ant autamoticolly indented when the amount is entered. Do not indent manually, List all debit entries before arebit entries.) f. On the basis of the schedule above, prepare the journal entry or entries to record the bond trarnactiors and aceruals for 2026. Cullumber Corporation does not use reversing entries. (Reoord entiles in the onder disployed in the problem statement. if no entry is wquired, seloct "No Enoy" for the cocount thiles and enter O for the omounts. Credit acoount bites are artometkally indented when the ancunt Is entered. Do not hivent maruollk List all debit enbies before credit entries)

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