3 The board of directors of Machine Shop, Inc., authorized the Issuance of $1.000.000 face value, 10-year, 8 percent bonds dated April 1 2019. and maturing on April 1, 2029. Interest is payable semiannually on April 1 and October 1. DATE TRANSACTIONS FOR 2019 Apr Issued $310,000 face value bonds at 101.6. 1. Oct. Paid the semiannual interest on the outstanding bonds and 1 amortized the bond premium. (Make two entries. Use the straight- line method to compute the anortization.) Dec. Recorded the adjusting entry for accrued interest and amortization 31 of the bond premium for three months. (Make one entry.) Closed the Bond Interest Expense account to the Income Sunmary 31 account. DATE TRANSACTIONS FOR 20e20 Jan. 1 Reversed the adjusting entry made December 31, 2019. Required: 1. Record the transactions below in general journal form. 2 Prepare the Long-Term Liabilities section of the corporation's balance sheet on December 31. 2019. Analyze: If the reversing entry was not recorded, what entry would be required when the interest expense is paid in April 2020? Complete this question by entering your answers in the tabs below. General Journal Analyze Balance Sheet Record the transactions below in general journal form. View journal entry worksheet View transaction list Debit Credit General Journal No Date Cash Apr 01, 2010 Bonds payable Premium on bonds payable Bond interest expense Oct 01, 2010 Cash Premium on bonds payabie Ot 01, 2010 Bond interest epense Bond interest epense Dec 31, 2010 Premium on bonds payatle Bond interest payable Dec 31, 2010 Income summary Bond interest epense Bond interest payatle Jan 01, 200 Bond interest experse Premium on bonds payalle Balance heet> The board of directors of Machine Shop, Inc., authorized the issuance of $1,000,000 face value, 10-year, 8 percent bonds dated April 1, 2019, and maturing on April 1, 2029. Interest is payable semiannually on April 1 and October 1. DATE TRANSACTIONS FOR 2019 Apr. Issued $310,000 face value bonds at 101.6. 1. Oct. Paid the semiannual interest on 1 anortized the bond premium. (Make two entries. Use the straight- line method to compute the amortization.) Dec. Recorded the adjusting entry for accrued interest and amortization 31 of the bond premium for three months. (Make one entry.) Closed the Bond Interest Expense account to the Income Summary the outstanding bonds and 31 account. DATE TRANSACTIONS FOR 2020 Jan. 1 Reversed the adjusting entry made on December 31, 2019. Required: 1. Record the transactions below in general journal form. 2 Prepare the Long-Term Liabilities section of the corporation's balance sheet on December 31, 2019. Analyze: If the reversing entry was not recorded, what entry would be required when the interest expense is paid in April 2020? Complete this question by entering your answers in the tabs below. General Journal BBalance Sheet Analyze Prepare the Long-Term Liabilities section of the corporation's balance sheet on December 31, 2019. MACHINE SHOP, INC. Partial Balance Sheet December 31, 2019 Long tem labilities Bonds peyeble Add Premium on bonds payable Nut ability ( General Journal Analya> 3. The board of directors of Machine Shop, Inc. authorized the issuance of $1,000,000 face value, 10-year, 8 percent bonds dated April 1, 2019, and maturing on April 1, 2029. Interest is payable semiannually on April 1 and October 1. DATE TRANSACTIONS FOR 2019 . Issued $310,eee face value bonds at 101.6. Oct. Paid the semiannual interest on the outstanding bonds and 1 amortized the bond premium. (Make two entries. Use the straight- line method to compute the anortization.) Dec. Recorded the adjusting entry for accrued interest and amortization 31 of the bond premium for three months. (Make one entry.) Closed the Bond Interest Expense account to the Income Sunmary 31 account. DATE TRANSACTIONS FOR 2020 Jan. 1 Reversed the adjusting entry made on Decenber 31, 2019. Required: 1. Record the transactions below in general journal form. 2. Prepare the Long-Term Liabilities section of the corporation's balance sheet on December 31, 2019. Analyze: r the reversing entry was not recorded, what entry would be required when the interest expense is paid in April 2020? Complete this question by entering your answers in the tabs below. General Journal Balance Sheet Analyce 2 the reversing entry was net recorded, what entry would be required when the interest expense is paid in April 20207 View transaction list View joumal entry worksheet Date No General Journal Deb Credit Apr 01, 2020 Bond interest expense Premium on bends payable