books supposed to be prepared in mcwharton are specified as ( mcwharton) and blanton the same.

McWHERTER INSTRUMENTS Bond issue by McWherter Instruments Bond issue (years) Bond issue interest rate Bond annual market yield Long-term investment by Blanton Technologies $400,000,000 20 8% 10% $ 400,000 Requirement 1: McWHERTER INSTRUMENTS Interest Principal Present value (price) of the bonds $ - Try again Requirement 2: General Journal Debit Credit Account January 1, 2021 (McWherter) Cash Discount on bonds payable Bonds payable January 1, 2021 (Blanton) Investment in bonds Discount on investment in bonds Cash - Trya Requirement 3: General Journal Dobit Credit Account June 30, 2021 (McWherter) Interest expense Discount on bonds payable Cash June 30, 2021 (Blanton) Cash Discount on investment in bonds Interest revenue Requirement 4 General Journal Debit Credit Account December 31, 2021 (McWherter) Interest expense Discount on bonds payable Cash December 31, 2021 (Blanton) Cash Discount on investment in bonds Interest revenue