at a ids. BE15.4 (LO 2) Nasreen Company issues $2 million, 10-year, 8% bonds at 97, with interest payable each January 1. a. Prepare the journal entry to record the sale of these bonds on January 1, 2020. b. Assuming instead that the above bonds sold for 104, prepare the journal entry to record the sale of these bonds on January 1, 2020. BE15.5 (LO 2) Frankum Company has issued three different bonds during 2020. Interest is payable annually on each of these bonds. 1. On January 1, 2020, 1,000, 8%, 5-year, $1,000 bonds dated January 1, 2020, were issued at face value. 2. On July 1, $900,000, 9%, 5-year bonds dated July 1, 2020, were issued at 102. 3. On September 1, $400,000, 7%, 5-year bonds dated September 1, 2020, were issued at 98. Prepare the journal entry to record each bond transaction at the date of issuance. BE15.6 (LO 2) The balance sheet for Miley Consulting reports the following information on July 1, 2020. Long-term liabilities Bonds payable Less: Discount on bonds payable $1,000,000 60,000 $940,000 Miley decides to redeem these bonds at 101 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2020. BE15.7 (LO 3) Hanschu Inc. issues an $800,000, 10%, 10-year mortgage note on December 31, 2020, to obtain financing for a new building. The terms provide for annual installment payments of $130,196. Prepare the entry to record the mortgage loan on December 31, 2020, and the first installment payment on December 31, 2021.