Parker Corporation had the following bond transactions during the fiscal year 2017: On January 1: issued 100 $1,000 bonds at 103. The 5-year bonds is...

Parker Corporation had the following bond transactions during the fiscal year 2017:

1. On January 1: issued 100 $1,000 bonds at 103. The 5-year bonds is dated January 1, 2017. The contract interest rate is 5%. Straight-line amortization method is used. Interest is payable semi-annual on January 1 and July 1.
2. On July 1: Parker Corporation issued $500,000 of 10%, 10-year bonds. The bonds dated July 1, 2017 were issued at 90, and pay interest on July 1 and January 1. Straight-line amortization method is used.
3. On October 1: issued 10-year bonds $10,000 face value bonds, for $10,853 cash. The bonds have a stated rate of 9%, but an effective rate of 6%. Straight-line amortization method is used. Interest is payable on October 1 and April 1.