1) On the first day of the fiscal year, a company issues a $5,100,000, 7%, 7-year bond that pays semiannual interest of $178,500 ($5,100,000 7% ), receiving cash of $4,578,635.

Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank.

blank	Accounts PayableBonds PayableDiscount on Bonds PayableInterest ExpenseInterest PayablePremium on Bonds Payable	___________	____________
	Accounts PayableBonds PayableDiscount on Bonds PayableInterest ExpenseInterest PayablePremium on Bonds Payable	-_____________	____________
	Accounts PayableBonds PayableCashInterest ExpenseInterest PayablePremium on Bonds Payable	_________	__________

2)

On the first day of the fiscal year, a company issues a $5,400,000, 11%, 6-year bond that pays semiannual interest of $297,000 ($5,400,000 11% ), receiving cash of $5,892,405.

Journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar. If an amount box does not require an entry, leave it blank.

blank	Accounts PayableBonds PayableCashDiscount on Bonds PayableInterest ExpenseInterest Payable	____________	______________
	Accounts PayableBonds PayableCashDiscount on Bonds PayableInterest PayablePremium on Bonds Payable	____________	_____________
	Accounts PayableBonds PayableCashDiscount on Bonds PayableInterest PayablePremium on Bonds Payable	____________	____________

3)

On the first day of the fiscal year, a company issues a $5,100,000, 12%, 10-year bond that pays semiannual interest of $306,000 ($5,100,000 12% ), receiving cash of $4,819,030.

Journalize the bond issuance. If an amount box does not require an entry, leave it blank.

blank	Accounts PayableBonds PayableCashInterest ExpenseInterest PayablePremium on Bonds PayableCash	___________	__________
	Accounts PayableBonds PayableDiscount on Bonds PayableInterest ExpenseInterest PayablePremium on Bonds PayableDiscount on Bonds Payable	_____________	_________
	Accounts PayableBonds PayableCashInterest ExpenseInterest PayablePremium on Bonds PayableBonds Payable	_______________	________