Problem V-Bond Issuance and Redemption 30 Points Kerry Washington Corporation issues 8%, five year bonds on...

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Problem V-Bond Issuance and Redemption 30 Points Kerry Washington Corporation issues 8%, five year bonds on December 31, 2022, with a par value of $100,000 and semi-annual interest payments. Instructions: Using the above information, answer the following questions for the independent situations in Parts I and II. PART I - Assume that the Bonds were issued at 98. (use this information to answer Part I a, b and c) Date Decra Prepare the entry to record the issuance of these bonds. (5 points) Account Title Debit Credit 406 Brind b) Prepare the entry to record the semiannual interest payments and amortization of the bond discount. Assume that Kerry uses the straight-line method for bond amortization. (5 points) Date 2023-2027 June 30 and Dec. 31 Dis Account Title Debit Credit 20 e) Prepare the entry to record the retirement of the bond, assuming that the bund is retired on the maturity date. (5 points) Problem V-Bond Issuance and Redemption 30 Points Kerry Washington Corporation issues 8%, five year bonds on December 31, 2022, with a par value of $100,000 and semi-annual interest payments. Instructions: Using the above information, answer the following questions for the independent situations in Parts I and II. PART I - Assume that the Bonds were issued at 98. (use this information to answer Part I a, b and c) Date Decra Prepare the entry to record the issuance of these bonds. (5 points) Account Title Debit Credit 406 Brind b) Prepare the entry to record the semiannual interest payments and amortization of the bond discount. Assume that Kerry uses the straight-line method for bond amortization. (5 points) Date 2023-2027 June 30 and Dec. 31 Dis Account Title Debit Credit 20 e) Prepare the entry to record the retirement of the bond, assuming that the bund is retired on the maturity date. (5 points)