Vhispering C0. is building a new hockey arena at a cost of $2,510,000. It received a downpayment of $490,000 from local businesses to support the project, and now needs to borrow $2,020,000 to complete the project. It therefore decides to issue $2,020,000 of 10.0%,10-year bonds. These bonds were issued on January 1,2024 , and pay interest annually on each January 1 . The bonds yield 9% Click here to view factor table. (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds on January 1, 2024. (Round present value factor calculations to 5 decimal places, es. 1.25124 and the final answer to 0 decimal places, eg. 58,971. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Prepare the journal entry to record the issuance of the bonds on January 1, 2024. (Round present value factor calculations to 5 decimal places, eg. 1.25124 and the final answer to 0 decimal places, eg. 58,971. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Prepare a bond amortization schedule up to and including January 1,2028, using the effective-interest method. (Round present value foctor to 5 decimal places, e.8. 1.24356 and final answers to 0 decimal places, eg. 38,548.) Assume that on July 1,2027. Whispering Co. redeems half of the bonds at a cost of $1,079,300 plus accrued interest. Prepare the journal entry to record this redemption. (Round present value factor to 5 decimal places, eg, 1.24356 and final answers to 0 decimal ploces, es. 38,548. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the omount is entered. Do not indent manually, List all debit entries before credit entries.)