CALCULATOR PERTEVE . Your answer is partially correct Try again Nicholas Ram Corporation have a $1,500,000 "bond ssue dated March 1, 2016 duen 15 years with an annual interest rate of 119. Interest is payable March 1 and September 1. on August 1, 2016. the band was sold for $1,587,500 plus accrued interest Using the straight-line method, prepare the general Journal entre for each of the following 1) The issuance of the bond on August 1, 2016. b) Payment of the semi-annual interest and the amortuation of the premium on September 1, 2016 c) Accrunt of the interest and the amortization of the premium on December 31, 2016 d) Payment of the semi-annual interest and the ammortization of the premium on March 1, 2017 (Credit account titles are automatically indernited when the amount is entered. Do not indent manually. De morte doar sims (5) while entering amount to see what we reflected in your final answers, you must enter your answers with commes, Round answers to 7 decimal acres, 27. 25. Date Account Tides and Explanation Debut Credit 2016 Rug Cash 1650250 7500 Premium on tionds Payable 1500000 Bonds Payable 18750 Dond Interest Payable 13250 Sept. 1 Bond Test 500 Band out EMOC Bond Interest Payable 55000 2017 Mar. 1 Bond Interest Payable 26500 Premuim on Bonds Payable 55000 IX Bond Interest Expense 1000 Cash 82500 Before moving onto the next section, please do the following (for screen help, click on the hyperlinks below): 1. Scroll to the end of the page and click on the "Save for Later" button to save your work. 2. When you are ready to begin the next section, you can reference the work that you have completed by clickin your saved answers in a new window to help you complete the next section. Complete these steps each time you have finished a section. Do not click on the "Submit Answers" button until yo LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again. Stephanie Ram Corporation have a $980,000 "bond issue" dated February 1, 2016 due in 10 years with an annual interest sold for $897,400 plus accrued interest. Using the straight-line method, prepare the general journal entries for each of the following: 3) The issuance of the bond on April 2016 RCES of the and the amortization of the discount on December 31, 2016. d) Payment of the semi-annual interest and the amortization of the discount on February 1, 2017 11 (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Do not use dollar signe reflected in your final answers, you must enter your answers with commas. Round answers to 2 decimal places, e.g. 5,275.25 Date Account Titles and Explanation Debit Credit Cudy 2016 Apr. 1Cash 917000 Discount on Bonds Payable 82600 Bonds Payable 980000 > Bond Interest Payable 19600 Aug. 1 Bond Interest Expense 62930 Premuim on Bonds Payable 19600 SI Cash 58800 > Discount on Bonds Payable 4130 Dec. 31 Bond Interest Expense 52442 Bond Interest Payable 49000 Discount on Bonds Payable 3442 2017 O IT