You have been asked to continue your work on the SpringFit Corporation audit. The journal entries for the current year are shown as follows:

Journal Entries, Year 2

Considering the journal entries for both years, answer the following questions.

1.	Were the bonds in the entry on Dec. 31 of Year 2 redeemed at maturity?
2.	You suspect there is an error in one of the bond redemption entries. Assuming that the amounts are correct, which entry is questionable? Why?
3.	Why do some bonds sell below face value?

4. Which of the following items are amortized? Check all that apply.

Future cash receipts

It depends on the face value of the bond

Bonds

Discounts

Redemption amount

Contract rate of interest

Interest expenses

Premiums