申論題

五、Pratt Corporation sold its 8% bonds with a maturity value of $ 1，0003000 on May 13 2008， for $950,263. At the time of the sale the bonds had 3 years until they reached maturity and the market rate was 10%。 The first annual payment of the bond interest is May 1，2009。 By November 1，2009，the firm decides to reacquire its 8% bonds in the market and is able to purchase $500,000 at 98, plus the accrued interest payment. The remainder of the outstanding bonds is extinguished at the due date on May 2011. Pratf s ending fiscal year is December 31，and uses effective interest method to amortize the premium or discount on bonds. Required: Prepare the journal entries for 2008/5/1，2008/12/31, 2009/05/01，2009/11/1。(20%)