5:26 PM Tue Dec 1 Done Assignment 3 Fin Acct.pdf 7. Ujiri Ltd. authorized $300,000 of three-year bonds dated January 1, 2020. The stated rate on these bonds was 14%, payable each June 30 and December 31. The bonds were issued on January 1, 2020, when the market rate of interest was 12%. Assume effective interest amortization. Required: a) What amount will the bonds be issued for? (show your calculations) Prepare the journal entry to record the issuance of the bonds. b) Complete the following table: Bond Payment Schedule Interest Payment Interest Expense Amortization Carrying Amount Date Jan.1/20 June 30/20 Dec.31/20 June 30/21 Dec.31/21 June 30/22 Dec.31/22 Total 8. Davis Corporation was just formed. The following accounts of Davis Corporation, with code letters, are needed to record the transactions given below. You are to indicate the appropriate journal entry for each transaction by entering the code letters and the correct amounts. (HINT: Remember that the transactions are all for this company so ensure you take each one into account when considering the next one.)