att Winne

issued

$ 600 comma 000$600,000

of

1717?%,

1010?-year

bonds payable on January? 1,

20162016.

The market interest rate at the date of issuance was

1414?%,

and the bonds pay interest semiannually.

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?(Click the icon to view the Present Value of? $1 table.)

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?( Click the icon to view thePresent Value of Annuity of? $1 table.)

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?(Click the icon to view the Future Value of? $1 table.)

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?(Click the icon to view the Future Value of Annuity of? $1 table.)Read the requirements

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.

Requirement 1. How much cash did the company receive upon issuance of the bonds? payable? ?(Use the factor tables provided with factors rounded to three decimal places. Round all currency amounts to the nearest whole? dollar.)

Upon issuance of the bonds? payable, the company received

?$nothing .

Requirement 2. Prepare an amortization table for the bond using the? effective-interest method, through the first two interest payments. ?(Round all numbers to the nearest whole? dollar.)

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		Interest		Carrying
	Cash Paid	Expense	Amortized	Amount
01/01/2016
06/30/2016
12/31/2016

Requirement 3. Journalize the issuance of the bonds on January? 1,

20162016?,

and payment of the first semiannual interest amount and amortization of the bond on June? 30,

20162016.

Explanations are not required. ?(Record debits? first, then credits. Exclude explanations from any journal? entries.)Start by journalizing the issuance of the bonds on January? 1,

20162016.

? (Prepare a single compound? entry.)

??

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Date			Accounts	Debit	Credit
2016
Jan. 1

Journalize the payment of the first semiannual interest amount and amortization of the bond on June? 30,

20162016.

? (Prepare a single compound? entry.)

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Date			Accounts	Debit	Credit
2016
Jun. 30