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2 (25 points) Bonds Payable Jefferson Co. issues $1,852,000 of 8% ten-year callable bonds dated 1/1/18 on 1/1/18. The bonds pay interest semiannually on 6/30
2 (25 points) Bonds Payable Jefferson Co. issues $1,852,000 of 8% ten-year callable bonds dated 1/1/18 on 1/1/18. The bonds pay interest semiannually on 6/30 and 12/31. The bonds are issued for $2,127,538. In all cases round to the nearest dollar. Show your computations for the June 30 2018 and the December 31 2018 rows. Suppose the bonds are retired at 98 on 6/30/20. a) In the space below complete a partial bond amortization table for the indicated dates. Interest Exp Interest Pymt Amortir'n Carrying Value Date 1/1/18 6/30/18 12/31/18 6/30/19 12/31/19 6/30/20 Computations for 6/30/18 and 12/31/18 rows: b) In the journal below, prepare journal entries for 1/1/18, 6/30/18, 12/31/18 and the retirement call on 6/30/20. Show & label your computations as necessary for partial credit. Tr Date Account Debit Credit
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