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(B) westion 7 LMN Corporation Corporation issued $100,000 of 10% five-year bonds on January 1, 2018 for 111 with an effective interest rate of 8%.
(B) westion 7 LMN Corporation Corporation issued $100,000 of 10% five-year bonds on January 1, 2018 for 111 with an effective interest rate of 8%. Interest is payable semi-annually on July and January 1. Prepare the amortization schedule for the first three periods/rows. Issue Date Periods 1 2 3 (a) Make journal entry to record the issuance of bonds on January 1, 2018 (b) Make journal entry to record the accrual of interest on December 31, 2018 and amortization of bond premium. (C) Make journal entry to record the payment of the bond interest on January 1, 2019. (d) Make journal entry to record the redemption of the bond at maturity date assume all interests have been paid
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