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3 parts, i need the last part Question 8 of 13 - /1 E View Policies Current Attempt in Progress Swifty Corporation issued $440,000, 10%,
3 parts, i need the last part
Question 8 of 13 - /1 E View Policies Current Attempt in Progress Swifty Corporation issued $440,000, 10%, 20-year bonds on January 1, 2020, for $404,958. This price resulted in an effective- interest rate of 11% on the bonds. Interest is payable annually on January 1. Swifty uses the effective-interest method to amortize bond premium or discount. Prepare the journal entry to record the issuance of the bonds (Round answers to decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Date Jan. 1. 2020 Cash 404958 Discount on Bonds Payable 35042 Bonds Payable 440000 Prepare the journal entry to record the accrual of interest and the discount amortization on December 31, 2020. (Round answers to decimal places, eg. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date Dec 31, 2020 Interest Expense 44545 Discount on Bonds Payable 549 Interest Payable 44000 Question 8 of 13 0.67/1 List of Accounts X Your answer is incorrect. Prepare the journal entry to record the payment of interest on January 1, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Date Jan. 1. 2021
3 parts, i need the last part
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