Instructions(Round all computations to the nearest dollar.)(a) Prepare the journal entry to record the issuance of the bonds on July 1 2006.(b) Prepare the journal entry to record the accrual of interest and the amortization of the discount on December 31 2006.(c)
Prepare the journal entry to record the payment of interest and the
amortization of the discount on July 1 2007 assuming that interest was
not accrued on June 30.(d) Prepare the journal entry to record the accrual of interest and the amortization of the discount on December 31 2007.(e) Prepare an amortization table through December 31 2007 (3 interest periods) for this bond issue.