Question: could you please conplete a,b and c show work please and thank you 1.(12 Points) Sara Co. issued $2,500,000 of 5%,20-year bonds. These bonds were

could you please conplete a,b and c

show work please and thank you

1.(12 Points) Sara Co. issued $2,500,000 of 5%,20-year bonds. These bonds were issued on January 1, 2020, and pay interest anmually on each January 1 . The bonds yield 3% and was issued at $3,243,884. Required: (a) Prepare the joumal entry to record the issuance of the bonds on January 1,2020. (b) Prepare a bond amortization schdule up to and including January 1, 2024, using the effective-interest method. (c) Assume that on July 1, 2023, Sara Co. redeems 100%% of the bonds at $3,500,000 plus accrued interest. Prepare the journal entries to record this redemption

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