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eBook Show Me How Calculator Pri tem Entries for Bonds Payable and installment Note Transactions The following transactions w
eBook Show Me How Calculator P Home Paid the semiannual interest on the bonds. The bond discount amortization of $31,533 is c
1. Journalize the entries to record the foregoing transactions. For compound transactions, if an amount box does not require
Dec. 31-Bond Year 2 Pune 30 Sept. 30 Dec. 31-Note
Dec. 31-Note Dec. 31-Bond Year 3 June 30 Sept. 30 2. Indicate the amount of the interest expense in (a) Year 1 and (b) Year 2
Check My Work more Check My Work uses remaining Year 3 June 30 Sept. 30 2. Indicate the amount of the interest expense in (a)
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Answer #1

Credit Date July 1 Debit $76,54,677 $3,15,323 $79,70,000 Oct 1 $3,10,000 $3,10,000 Dec 31 $5,425 $5,425 1 Dec 31 $3,50,333 Ac2 Dec 31 $3,50,333 Interest Expense Discount on Bond Payable $31,533 $3,18,800 [$7970000 x 8%)/2] Cash 3 June 30 $79,70,000 $

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