View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Splish Corporation on January 1, 2014, and the subsequent interest payments and charges. The company's year-end is December 31, and financial statements are prepared once yearly. Amortization Schedule Amount Unamortized Carrying Value Year Cash Interest 1/1/2014 $9,956 $ 166,244 2014 $19,382 $19,949 9,389 166,811 2015 19,382 20,017 8,754 167,446 2016 19,382 20,094 8,042 168,158 2017 19,382 20,179 7,245 168,955 2018 19,382 20,275 6,352 169,848 2019 19,382 20,382 5,352 170,848 2020 19,382 20,502 4,232 171,968 2021 19,382 20,636 2,978 173,222 2022 19,382 20,787 1,573 174,627 2023 19,382 20.955 176,200 (a) Indicate whether the bonds were issued at a premium or a discount. (b) Indicate whether the amortization schedule is based on the straight-line method or the effective interest method. (c) Determine the stated interest rate and the effective interest rate. (Round answers to O decimal places, e.g. 18%.) The stated rate % The effective rate % (d) On the basis of the schedule above, prepare the journal entry to record the issuance of the bonds on January 1, 2014. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit January 1, 2014 (e) On the basis of the schedule above, prepare the journal entry to reflect the bond transactions and accruals for 2014. (Interest is paid January 1.) (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit December 31, 2014 (f) On the basis of the schedule above, prepare the journal entries to reflect the bond transactions and accruals for 2021. Splish Corporation does not use reversing entries. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credi