Youranswer is correct. Prepare a bond amortization schedule up to and including January 1, 2028, using the effective-interest method. (Rocind present value foctor to 5 decimal ploces e 8,1.24356 and final onswers to 0 decimal places, es. 38,548. Assume that an July 1,2027, Stellar Ca. redeems half of the bonds at a cost of $1,193,900 plus accrued interest. Prepure the journal entry to record this redemption. (Round present walue foctor to 5 decimal places, es. 1.24356 and final answers to 0 decimal places, es 38.548. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Credit occount titles are outomatically indented when the amount is entered. Do not indent manually. List afl debit entries before credit entries.) Stellar C0. is building a new hockey arena at a cost of $2,730,000. It received a downpayment of $470,000 from local businesses to support the project, and now needs to borrow $2,260,000 to complete the project. It therefore decides to issue $2,260,000 of 11.0%,10-year bonds. These bonds were issued on January 1, 2024, and pay interest annually on each January 1 . The bonds yield 10%. 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, es. 58,971. If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manualiky List all debit entries before credit entries.) Prepare the journal entry to record the issuance of the bonds on January 1, 2024. (Round present volue foctor caiculations to 5 decimal places, es. 1.25124 and the final answer to 0 decimal ploces, es. 58,971. If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts. Credit account titles are outomatically indented when the amount is entered, Do not indent manually. List all debit entries before credit entries)