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PROBLEM 11 Part 1 On April 1, 2020 Berry Corporation dan 56.000.000, 10 year, 4.bead at because the market rate of interest on that date was 6. Interest is payable semi-annually REQUIRED: Make the necesary journal entries for the following dates: Apr. 1, 2020: The day the bond was issued Sept. 30, 2020: The first interest payment under the straight-line method of bead discount amortiration Sept. 30, 2020: The fina interest payment under the effective interest method of bond discount amortization. Dec. 31, 2020: The necessary adjusting entry under the straight-line method Dec. 31, 2020 The cloning entry under the straight-line method of antiration Part 11 Assume en April 1.2020 Berry Corporation issued an 56.000.000. 1-year, 6% bondat 185 because the market rate was. Interest is payable semi-ansally REQUIRED: Make the necessary journal entries for the following dates Apr. 1, 2020: The day the band was issued Sept. 20, 2020: The first interest payment under the straight line method of bond discount amortion Sept. 30, 2020: The first interest payment under the effective interest method of bond discount amortization Dec. 31, 2020: The necessary adjusting entry under the straight-line method Dec. 31, 2020 The closing entry under the straight-line method of anonization PROBLEM II: Os January 1, 2017. Tandler Corporation issued a 54.000.000, 10-yem, bondat 97. On January 1, 2021 Tandler recalled the entire bondise at 101 REQUIRED: Make the necessary journal entry for January 1, 2021 the day the band was retired PROBLEM II Part 1 On April 1, 2020 Berry Corporation ved an 56.000.000, 10-yrar, 4.bead at because the market rate of interest on that date was 6. Interest is payable semi-annually REQUIRED: Make the necessary journal entries for the following datok Apr. 1, 2020: The day the bond was issued Sept. 30, 2020: The first interest payment under the straight-line method of bond discount amortiration Sept. 30, 2020: The fina interest payment under the effective interest method of bend discount amortization. Dec. 31, 2020: The necessary adjusting entry under the straight-line method Dec. 31, 2020 The cloning entry under the straight-line method of anotation Assume en April 1, 2020 Berry Corporation issued an $6.000.000. 1-year, 6% bondat 105 because the market rate was 4%. Interest is payable semi-asually REQUIRED: Make the necessary journal entries for the following dates Apr. 1. 2020: The day the bond was issued Sept. 20, 2020: The first interest payment under the straight line method of bond discount amoto Sept. 30, 2020: The first interest payment under the effective interest method of bead discount amortization Dec. 31, 2020. The necessary adjusting entry under the straight-line method Dec. 31, 2020 The closing entry under the straight-line method of amenization PROBLEM IU: Os January 1, 2017. Tandler Corporation issued a 54,000,000, 16.50,8% bondat 97.On January 1, 2021 Tandler recalled the entire bond isse at 01 REQUIRED: Make the necessary journal entry for January 1, 2021 the day the hond was retired
