Question: Please answer journal entries for both options Project #4 - Bond Amortization The EDD District is preparing to sell bonds to improve their campus. The

Please answer journal entries for both options

Please answer journal entries for both options Project \#4 - Bond Amortization

The EDD District is preparing to sell bonds to improve their campus.

Project \#4 - Bond Amortization The EDD District is preparing to sell bonds to improve their campus. The cost of the project is $900,000 and the bond market has recently been unpredictable. They are offering a $900,000 bond with a 6% interest rate payable annually. Maturity will be in 10 years. Option \#1: The market interest rate at time of issuance was 6.5%. Proceeds from sale was $850,000. Method of amortization is Straight Line. Option \#2: The market interest rate at time of issuance was 5.75%. Proceeds from sale was $916,760. Method of amortization is Effective. Outcomes: (to be demonstrated in this project) A Complete amortization calculations using both the straight line and effective interest methodologies. Round ALL answers to 2 decimal places. REQUIRED FOR POINTS: \begin{tabular}{l} sing \\ \hdashline \end{tabular}

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