The Lotus Company issued $1,500,000 of bonds on January 1, 2022. (A) (B) (C) Instructions: Prepare the journal entries for the transactions indicated above. Journal entries should use appropriate accounts. A Word Bank is provided below. All the listed accounts will not be used. Points will NOT be given for incorrect spelling. No abbreviations allowed for the accounts of this problem. Amounts should be typed with commas (ie. 5,000). Word Bank: Bonds Maturity Bonds Payable Callable Bonds Prepare the journal entry to record the issuance of the bonds if they are issued at (1), 100, (2) 98, and (3) 103. Prepare the journal entry to record the retirement of the bonds at maturity, assuming the bonds were issued at 100. Prepare the journal entry to record the retirement of the bonds before maturity at 98. Assume the balance in Premium on Bonds Payable is $28,000. Cash Cash Discount Discount on Bonds Payable Gain on Bond Redemption Loss on Bond Redemption No Entry Premium on Bonds Payable

The Lotus Company iswed $1,500,000 of bonde on Jarnuary 1, 2022 . (A) Prepare ine joumal entry to focord the insuance of the bonds if they are lasued at (1), 100, (2),90, and (S) 103 . (B) Prepare the journal enty to recond the retirement of the bonds at maturty, assuming the bonds were istued at toe. (C) Prepare the joumal eotry to rocord the retireenent of the bonds before maturity at 9.. Assume the balance in Premium on Banda Pmakie is sz2b,000. Instructions: Prepare the joumal entries for the transactions indicated above. Journal entries should use appropriate accounts. A Word Bank is provised below, All the listed accounts wil not be used. Points will koT be given for incorrect speling No abbreviations aliowed for the acoounts of this probiem. Amounts should be fyped with commas (e, 5,000). The Lotus Company iswed $1,500,000 of bonde on Jarnuary 1, 2022 . (A) Prepare ine joumal entry to focord the insuance of the bonds if they are lasued at (1), 100, (2),90, and (S) 103 . (B) Prepare the journal enty to recond the retirement of the bonds at maturty, assuming the bonds were istued at toe. (C) Prepare the joumal eotry to rocord the retireenent of the bonds before maturity at 9.. Assume the balance in Premium on Banda Pmakie is sz2b,000. Instructions: Prepare the joumal entries for the transactions indicated above. Journal entries should use appropriate accounts. A Word Bank is provised below, All the listed accounts wil not be used. Points will koT be given for incorrect speling No abbreviations aliowed for the acoounts of this probiem. Amounts should be fyped with commas (e, 5,000)