Question: Please show work on how you got the answer On January 1, 2021 the Blue Corporation issued $4,500,000 face value, 9%, 8 year bonds at

Please show work on how you got the answer

On January 1, 2021 the Blue Corporation issued $4,500,000 face value, 9%, 8 year bonds at $4,762,186. This price resulted in an effective-interest rate of 8% on the bonds. Blue Corporation uses the effective-interest method to amortize bond premium or bond discount. The bonds pay annual interest on January 1. Instructions: In the journal pages provided below each transaction description, prepare journal entries (in good form) to record the following 4 transactions. Be sure to include dates

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