Question: Please answer all 4 parts to this one question or let someone else. I need to be able to re-create this same problem with different

Please answer all 4 parts to this one question or let someone else. I need to be able to re-create this same problem with different numbers so I want to see the steps if you can or at least the calculation so I can figure it out. THank you!

Please answer all 4 parts to this one question or let someone

On January 1, 2005, ABC issues $5,000,000 in bonds with a stated rate of 8%. The bonds mature in 5 years with interest (coupon) paid quarterly (Mar 31, Jun 30, Sep 30, and Dec 31]. The bonds were issued when the market rate was at 12%. a. Compute the issue price of the bonds. b. Prepare the Journal entry to record the issuance of the bonds using a discount/premium account. Calculate the information necessary to fill in the following table (round to the nearest $): (note the dates) C. Bonds Payable Date Interest Payment Interest Expense Net Book Value 1/1/2005 3/31/2005 6/30/2005 9/30/2005 d. Prepare the journal entry to record interest expense on 9/30/2005

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