The December 31, 2020 balance sheet of the Maine Lobster Company included the following items: 5% bonds payable due December 31, 2028 $3,000,000
Unamortized discount on bonds payable 144,000

The bonds were originally issued on December 31, 2018 at 94, with interest payable on June 30 and December 31. Amortization of bond discount is also recorded at the time interest is paid. On April 1, 2021, Maine Lobster Company redeemed $600,000 of these bonds at 103. The accrued interest on the bonds redeemed was also paid.

Required:
a. Prepare the April 1, 2021 journal entries.
b. Prepare the June 30, 2021 journal entries.

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.