Question: Path Words: 0 QUESTION 2 20 points Save Answer On January 1, 2021, Lindsey-Burres, Inc. issued 10-year bonds with a face value of $1,500,000. The

Path Words: 0 QUESTION 2 20 points Save Answer On January 1, 2021, Lindsey-Burres, Inc. issued 10-year bonds with a face value of $1,500,000. The bonds have a 9% contract rate of interest. The fiscal year end is December 31 Instructions Assuming the bonds are issued at 97 and interest is paid annually on January 1, prepare journal entries to record the () kuance of the bonds, (b) accrual of interest on the bonds and amortization on December 31, 2021, and (c) payment of interest on January 1, 2022 10 Points Assuming the bands are issued at 107 and interest is paid annually on December 31, prepare journal entries to record the (a) Issuance of the bonds. (b) accrual interest on the bonds and amortization on December 31, 2021, and payment of interest on January 1, 2022 Points 10 a of 3 (12) [ 30 TTTT Paragraph - Arial % DOO Pathp Words 0

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