Question: can you answer this question for me please ? The following amortization and interest schedule reflects the issuance of 10-year bonds by Sandhill Corporation on
can you answer this question for me please ?



The following amortization and interest schedule reflects the issuance of 10-year bonds by Sandhill Corporation on January 1, 2014, and the subsequent interest payments and charges. The company's year-end is December 31, and financial statements are prepared once yearly. Amortization Schedule Carrying Value Year Cash Interest 1/1/2014 $23,026 $91,674 2014 $12,617 $13,751 21,892 92,808 2015 12,617 13,921 20,588 94,112 2016 12,617 14,117 19,088 95,612 2017 12,617 14,342 17,363 97,337 2018 12,617 14,601 15,379 99,321 2019 12,617 14,898 13,098 101,602 2020 12,617 15.240 10,475 104,225 2021 12,617 15,634 7,458 107,242 2022 12,617 16,086 3.989 110,711 2023 12,617 16,606 114,700 (a) Indicate whether the bonds were issued at a premium or a discount. Amount Unamortized (b) Indicate whether the amortization schedule is based on the straight-line method or the effective-interest method. (c) Determine the stated interest rate and the effective-interest rate. (Round answers to O decimal places, e.g. 18%.) 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 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 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.) (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, 2014 (f) On the basis of the schedule above, prepare the journal entries to reflect the bond transactions and accruals for 2021. Sandhill Corporation does not use reversing entries. (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
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