From Example 148 (Assume we use Straight line Method) 2 Example 14A1: On lanuary 1,2016, the Ruffin Corporation issued S40 000 par value 4% lour year bonds that mature on D ce beti 2019 wil p.h test 31. What is 4 the issue price of this bond? Prepare the journal entry to record the issuance. Prepare an amortization schedule over the four year period using the STRAIGHT LINE method 5 Prepare the journal entries to record the inter-est entries for the first year, Prepare the journal entry to record the payment of the bonds at maturity. Prepare the t accounts for the bond payable and bond discount accounts for the life of the bond Since stated interest rate 4%