Question: 6. B Corp issued 8 % bonds dated January 1 with a face amount of $10,000,000 on January 1, 2021. The bonds mature on December

6. B Corp issued 8 % bonds dated January 1 with a face amount of $10,000,000 on January 1, 2021. The bonds mature on December 31, 2023. For bonds of similar risk and maturity, the market yield is 6%. Interest is paid semi-annually on June 30 and December 31.

Required:(Show the computing process and precise journal entries)

A. Determine the price of the bonds.

B. Prepare the journal entry to record their issuance.

C. Prepare a schedule reflecting the changes in the debt over its term to

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