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4) On January 1, 2023, Just-ln-Time Company (JIT) sold $100,000 in bonds that pay 8% each year. market rate of interest at the time the bonds were sold was 9%. The bonds mature 5 years from the date of issue and JIT uses the effective-interest rate method to record amortization. Required (19 marks): a) Prepare the journal entry to record the issuance of the bonds. b) Prepare a bond amortization table that looks as follows: Discount Date Jan.1/23 Dec.31/23 Dec.31/24 Dec.31/25 Dec.31/26 Dec.31/27 Interest Payment Interest Expense Bond Discount Amortization on Bond Bonds Carrying Balance Value c) Prepare the journal entry to record the interest payment on December 31, 2023.