Question: Boxes outlined in blue are needed 2 On January 1, 2021, Sutteal Manufacturing issued 600 bonds each with a face value of $1.000, a stated

2 On January 1, 2021, Sutteal Manufacturing issued 600 bonds each with a face value of $1.000, a stated interest rate of 3 percent paid annually on December 31, and a maturity date of December 31, 2023. On the issue date, the market interest rate was 4 percent, so the total proceeds from the band issue were $583,352 Surreat uses the effective interest bond amortization method and adjusts for any rounding errors when recording interest in the final year Required: 1. Prepare a bond amortization schedule 2.5. Prepare the journal entries to record the bond issue, the interest payments on December 31, 2021 and 2022, the Interest and face volue payment on December 31, 2023 and the bond retirement. Assume the bonds are retired on January 1 2023, at a price of 101 3 03:26:35 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 to 5 Print Prepare a bond amortization schedule. (Round your answers to the nearest whole dolac Make sure that the Carving value quals face value of the bond in the last period. Interest experts in the last period will result in the amount in Discount Amortizedeguating Discount on Bonds Payable) france Changes During the Period interest Discount Cash Paid Expense Amortized Ending Bond Liability Balances Bonds Discounts on Carrying Payable Bonds Payable Value 0 Period Ended 01/01/21 12:31:21 12/31/22 123123 5 0 Reg 2 to 5 > 2 Reg 1 Reg 2 to 5 Prepare the journal entries to record the bo the interest payments on December 31, 2021 and 2022, the value payment on December 31, 2023 and retirement. Assume the bonds are retired on January 1, 2023 no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round yo nearest whole dollar amount.) 33 Ints 03:26:15 View transaction list X eBook Print 83,352 References 1 Record the issuance of 600 bonds at face value of $1,000 each for $583,352 2 Record the interest payment on December 31, 2021. 3 Record the interest payment on December 31, 2022. 4 Record the interest and face value payment on December 31, 2023 S Record the retirement of the bonds at a quoted price or 101, assuming the bonds are retired on January 1, 2023. Debit Credit Note : = Journal entry has been entered Record entry Clear entry View general Journal
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