$($c$)$ Determine the stated interest rate and the effective$-$interest rate. $($Round answers to O decir

The stated rate

$\%$

The effective rate

$\%$

$($d$)$ On the basis of the schedule above, prepare the journal entry to record the issuance of the bonds on January $1,2014.($If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

Date Account Titles and Explanation

Debit

Credit

January $1,2014$

$($e$)$ On the basis of the schedule above, prepare the journal entry to reflect the bond transactions and accruals for $2014.($Interest is paid January $1.)($If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

Date

Account Titles and Explanation

Debit

Credit

December

$31\mathrm{.}2014$