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2 0 Y 1 July 1 Issued $ 7 4 , 0 0 0 , 0 0 0 of 2 0 - year, 1 1
Y
July Issued $ of year, callable bonds dated July at a market effective rate of
receiving cash of $ Interest is payable semiannually on December and June
Dec. Paid the semiannual interest on the bonds. The bond discount amortization of $ is combined
with the semiannual interest payment.
Y
June Paid the semiannual interest on the bonds. The bond discount amortization of $ is combined
with the semiannual interest payment.
Dec. Paid the semiannual interest on the bonds. The bond discount amortization of $ is combined
with the semiannual interest payment.
Y
June Recorded the redemption of the bonds, which were called at The balance in the bond discount
account is $ after payment of interest and amortization of discount have been recorded.
Record the redemption only.
Required:
Journalize the entries to record the transactions. Round all amounts to the nearest dollar. Refer to the Chart of Accounts for exact wording of
account titles.
Indicate the amount of the interest expense in a and b
Determine the carrying amount of the bonds as of December Y
more Check My Work uses remaining.
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