P LO 3,4) Talkington Electronics iss 3019 The proceeds from the Talkington Electronics issues a R$400,000,8%, 10-year mortgage note on December 31. ceeds from the note are to be used in financing a new research laboratory. The terms of the annual installment payments, exclusive of real estate taxes and insurance of R$59.612 ements are due on December 31. instructions Pecare an installment payments schedule for the first 4 years. are the entries for (1) the loan and (2) the first installment payment. how how the total mortgage liability should be reported on the statement of financial position at December 31, 2020 D. HUW SUUUU UL ILU *P15.5 (LO 2,5) On January 1, 2020, Lock Industries Ltd. issued 1,800,000 face value, 5%, 10 bonds at 1,667,518. This price resulted in an effective interest rate of 6% on the bonds. Lock uses effective-interest method to amortize bond premium or discount. The bonds pay annual interest Janus Instructions (Round all computations to the nearest pound.) a. Prepare the journal entry to record the issuance of the bonds on January 1, 2020. b. Prepare an amortization table through December 31, 2022 (3 interest periods) for this bond issue c. Prepare the journal entry to record the accrual of interest and the amortization of the discount on December 31, 2020 d. Prepare the journal entry to record the payment of interest on January 1, 2021. e. Prepare the journal entry to record the accrual of interest and the amortization of the discount on December 31, 2021