b.)

c.)

d.)

THANK YOU FOR YOUR TIME, WILL RATE!

Grocery Corporation received $316,065 for 9.50 percent bonds issued on January 1, 2018, at a market interest rate of 6.50 percent. The bonds had a total face value of $260,000, stated that interest would be paid each December 31, and stated that they mature in 10 years. Assume Grocery Corporation uses the effective-interest method to amortize the bond premium. Required: 1. & 2. Prepare the required journal entries to record the bond issuance and the first interest payment on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest whole dollar.) View transaction list Journal entry worksheet 2 Record the issuance of bonds for $316,065 with a face value of $260,000. Note: Enter debits before credits. Debit Credit Date General Journal January 01 Record entry View general journal Clear entry View transaction list Journal entry worksheet 2 Record the interest payment on December 31. Note: Enter debits before credits. Date December 31 General Journal DebitCredit Record entry View general journal Clear entry Required information The following information applies to the questions displayed below] On January 1, when the market interest rate was 9 percent, Seton Corporation completed a $120,000, 8 percent bond issue for $112,298. The bonds pay interest each December 31 and mature in 10 years. Assume Seton Corporation uses the effective-interest method to amortize the bond discount. Required: 1. & 2. Prepare the required journal entries to record the bond issuance and the first interest payment on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest whole dollar.) View transaction list ournal entry worksheet 2 Record the issuance of bonds for $112,298 with a face value of $120,000. Note: Enter debits before credits. Date General Journal Debit Credit January 01 Record entry View general journal Clear entry Required information [The following information applies to the questions displayed below On January 1, when the market interest rate was 9 percent, Seton Corporation completed a $120,000, 8 percent bond issue for $112,298. The bonds pay interest each December 31 and mature in 10 years. Assume Seton Corporation uses the effective-interest method to amortize the bond discount. Required: 1. & 2. Prepare the required journal entries to record the bond issuance and the first interest payment on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest whole dollar.) View transaction list Journal entry worksheet Record the interest payment on December 31. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry View general journal Clear entry