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Assignment/Assignment in doinvokerksmentessiniocator Sinprogressate Cash using a Discount Amortization table (Straight Une) Panamint Candy Company prepared the following amortisation table for $500,000 ot Sabond wedi
Assignment/Assignment in doinvokerksmentessiniocator Sinprogressate Cash using a Discount Amortization table (Straight Une) Panamint Candy Company prepared the following amortisation table for $500,000 ot Sabond wedi bonury 1, 2025. for G000 Discount Discount Interest on Bonds on Blonde Payment Expense Payable Payable carrying Period (Credit) (Debit) (Credit) Balance Value AL 0.000 450,000 06/30/25 $23.000 120,000 19.000 45.000 455.000 12/31/25 20.000 20.000 5.000 40.000 0.000 0630726 23,000 25.000 5,000 35.000 465.000 12/11/26 23.000 20.000 5.000 30,000 470.000 06/30/27 2000 2.000 1.000 25.000 475.000 1/31/2 23.000 20.000 5.000 200000 40.000 0602 21.000 2.000 5,000 15.000 0.000 12/31/2 23,000 20.000 500 10,000 90.000 06/30/29 23.000 22.000 5.000 5.000 5.000 1231/23 23.000 25.000 0 500.000 Red 1000 Required 1. Prepare the entry to recognize the sale of bones on January 1, 2025. te does not regret werk 2025 Jan. Cash 4 Discount on Bonds Payable Honds Payable Record sunce of bonds tricount 1. When tons are un premium dcount is recorded in a prevision account 2. Prepare the entry to recognize the first interest to ne 30, 2025. annot delete ry, we are 2025 June 30 interest 455.00 Discount on bonds Payable 50 x Record interest 2. An amonth the proper mon bond The method is used the other the ( 168,000 We bonds that Paint will report on its 2027 income statement 3. Any premium or decount is amortized to treat expense over the life of the 4. Indicate how these bonds will appear in Panamin December 31, 2025, sheet Panamint Candy Balance Sheet (partia December 31, 2024 Bonds pa AR
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