Top Rock Corporation sold bonds on August 1, 2021. The bonds have a…

Top Rock Corporation sold bonds on August 1, 2021. The bonds have a 6-year term, and are dated August 1, 2021. The bonds pay interest semi-annually on February 1 and August 1 of each year. On April 1, 2023, Top Rock Corporation retired some of the bonds at 103 plus accrued interest. Other information pertaining to the bonds issued by Top Rock follows:
Number of bonds issued by Top Rock (each bond has a face value of $1,000) 12200
Number of bonds retired on April 1, 2023 3,000
Coupon rate of bond 6%
Effective rate of bond 4%
Top Rock has a year end of December 31, and follows IFRS
Prepare the journal entry for the issuance of the bond on August 1, 2021.
Prepare the journal entry required on Top Rock’s year end date of December 31, 2021
Prepare the journal entry required for Top Rock on February 1, 2022
Calculate the gain or loss on the partial retirement of the bonds on April 1, 2023
Prepare the journal entries to record the partial retirement of the bond on April 1, 2023

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