1. Info(a) On December 31 , 2004 , Renn issued $900,000 , 9% bonds to yield 10% Interest that is… 1 answer below »

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1. Info(a) On December 31 , 2004 , Renn issued $900,000 , 9% bonds to yield 10% Interest that is payable semiannually on December 31 and June 30. The bonds mature on December 31 , 2009.2. (b) On June 30 , 2007 , Renn retired $270,000 of the bonds at 102 plus accrued interest .
Instructions:Required for Assignment: Calculate the proceeds of the bond issue. 2.Prepare a Bond Amortization Table (use the effective interest method) 3. Prepare all journal entries for the issuance of the bonds , the interest payments , the early retirement and the payoff of the bonds at maturity. All Work (calculations) need to be shown (not hidden). Journal Entries should be explained in word, tables in Excel.

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