1.

Journalize the transactions of Lamore

Lamore Communications, Inc.

2.

At December31, 2018

2018, after allyear-end adjustments have beenmade, determine the carrying amount of Lamore

Lamore's bondspayable, net.

3.

For the six months ended July1, 2018

2018, determine the following for Lamore:

a. Interest expense

b. Cash interest paid

What causes interest expense on the bonds to exceed cash interestpaid?

Requirement 1. Journalize the transactions of Lamore Communications Inc.(Record debitsfirst, then credits. Exclude explanations from any journalentries.)

January1, 2018: Issued $5,000,000 of 9%, 10-year bonds payable at 96. Interest payment dates are July 1 and January 1.

Cash: ??

Discount on bond payable: ??

Bond Payable: 5,000,000

Interest Expense: ??

Discount on bonds payable: ??

Cash: ??