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Interest is payable semiannually. The bonds were spoed to market (effective interest rate of 5%,rewiting in Chin Company recens cash of $25.140,392 a. Journalize the entries to record the following: 1. Issuance of the bonds 2. First semiannual interest payment. The band discount amortization, using the stage in rotos, in combined with the same interest payment. (Round your an to the nearest dollar) 3. Second semiannual interest payment. The bondscount amortization using the weighine method, is combined with the seminal interest serment found your answer to the nearest dollar) For a compound transaction. If an amount box does not require an entry, leave it blank Round you arters to the nearest coat, 1 Cash 2340193 Discount on Bonds Payable Bonds Payable 26.500.000 LI 2. Interest Expense Discount on Bonde Payable 3. Interest Expense Discount on Blonds Payable cash vorcy w Bonds Payable is always recorded at face ve Any difference in se price is reflected premium discount account. The shtethod of motion provides equal amounts of amortization over the life of the band b. Determine the amount of the bond interest expense for the first year Erol Corp produces and we wind energy driven engines. To france to operations: El Compound 510.000.000 of 20 you, s catacie bonds on May 1, 2011, tortocomowe w wterest payable on May 1 and Hover 1 The final year of the company is the cand you Journalize the entries to record the following selected bansactions. Be sure to made me your me dade for the entries recording to me and calling at the band Peters to the Charter Accounts for exact worang of account toes 2011 May Nov 1 tsues rebonds for cash at their face acest 1 Paid the rest on the bonds 2015 NOW Caled the bond innan at 90, the rate provided in the bond indete. (Ont entry for payment at interest Chart of Accounts CHART OF ACCOUNTS Emil Corp General Ledger ASSETS 110 Cash 111 Potty Cash 131 Accounts Receivable 122 Allowance for Doubtful Accounts REVENUE 410 Sales 610 rest Rev 611 Canon Respoon of Bonds ng 126 Interest Receivable 127 Notes Receivable 131 Merchandise Inventory 141 Office Supplies 142 Store Supplies 151 Prepaid Insurance 191 Land 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 616 Cash Short and Over 521 Sales Salaries Expense 522 Office Salaries Expense 631 Advertising Expense 532 Delivery Expense 533 Repairs Expense 534 Selling Expenses 535 Rent Expense LIABILITIES 210 Accounts Payable 221 Salaries Payable 231 Sales Tax Payable 232 Interest Payable 241 Notes Payable 251 Bonds Payable 252 Discount on Bonds Payable 253 Premium on Bonds Payable 536 Insurance Expense 537 Office Supplies Expense 538 Store Supplies Expense 541 Bad Debt Expense 561 Depreciation Expense-Store Equipment 562 Depreciation Expense-Office Equipment 590 Miscellaneous Expense 710 Interest Expense 711 Loss on Redemption of Bonds EQUITY 311 Common Stock 312 Paid In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid In Capital in Excess of Par. Preferred Stock 322 Paid in Capital in Excess of Par-Preferred Stock 331 Paidin Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends 362 Stock Dividends 300 income Summary I Journal Joumalize the entries to record the selected transactions Refer to the Chart of Accounts for exact wording of accountries PWGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST REY DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 1 Jourmalize the entry to record the selected transaction Refer to the Chart of Accounts for exact wording of accounts AGE 10 Check My Work 3 more Check My Work uses romaning Show Me How Journal Journalize the entries to record the selected transactions, Refer to the Chart Accounts for exact wording of accounts MADE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST REF DI CREOT AU LILITIES tu 1 I 2 1 Journalize the entry to record the selected transaction Refer to the Chart of Accounts for exact wording of accounties ACCOUNTING EQUATION JOURNAL LA ASSETS EQUITY DET DESCRIPTION FOST REF DATE 1 2 3