AutoSave Off File Home Insert Draw Design Liabilities - Protected View Saved to this PC Layout References Mailings Search (Alt+Q) Review View Help i PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing On February 28, 2020, ABC Company issues 10-year, 6% bonds with a face value of $800,000. Because the market rate of interest is 4% on the date of issue, the bonds are issued at a premium, with a bond quote of: 1.1635. The bond pays interest semi- annually on February 28 and August 31 of each year. The company's fiscal year end is December 31. Required: Prepare a bond amortization schedule for the issuance and the first two interest periods-round all numbers in the table to the nearest full dollar. (3 marks) b. Record the February 28, 2020 journal entry for the issuance of the bond. (1 mark) Record the journal entry for the first semi-annual interest payment on August 31, 2020. (1 mark) C. Page 2 of 2 H 194 words Type here to search A B Semi-annual Interest interest Period payment (%) of Interest Expense (%) of maturity value preceding D Discount Discount/ Amortization Premium (B-A)/ Account Balance E Bond Carrying Amount -D) (Discount) bond carrying amount Premium Amortization (A-B) (D-C) ($ +D) (Premium) The following totals for the month of April were taken from the payroll register of Ferdinand Corp.: Gross salaries CPP withheld Employee income taxes withheld EI withheld $20,000 1,330 5,700 480 The journal entry to record payment of the net payroll would include a a. credit to cash for $12,490. b. credit to cash for $10,680. c. credit to cash for $14,300. d. credit to cash for $20,000. Sign in Comments Share x Focus 11C ^ M ENG 10:56 AM 2022-04-07 + 70%