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can you please answer in order and make it simple. Thank you! Review the following transactions of Lamore Communications, Inc.: (Click the icon to view
can you please answer in order and make it simple. Thank you!
Review the following transactions of Lamore Communications, Inc.: (Click the icon to view the transactions.) Read the requirements Requirement 1. Joumalize the transactions of Lamore Communications Inc. (Record debits first, thon credits. Exclude explanations from any Journal entries.) January 1, 2018: Issued $5,000,000 of 5% 10-year bonds payable at 97. Interest payment dates are July 1 and January 1. Journal Entry Date Accounts Debit Credit 2018 Jan 1 July 1, 2018: Paid semiannual interest and amortized bond discount by the straight-line method on the 5% bonds payable Journal Entry Date Credit Accounts 2018 Debit Choose from any list or enter any number in the input fields and then continue to the next question 0 More Info 2018 Jan Jul 1. Issued $5,000,000 of 5%, 10-year bonds payable at 97. Interest payment dates are July 1 and January 1. 1 Paid semiannual interest and amortized bond discount by the straight-line method on the 5% bonds payable. 31 Accrued semiannual interest expense and amortized the bond discount by the straight-line method on the 5% bonds payable. Dec 2019 Jan 1 Paid semiannual interest 2028 Jan 1 Pald the 5% bonds at maturity. Print Done Requirements - 1. Journalize the transactions of Lamore Communications, Inc. 2. At December 31, 2018, after all year-end adjustments have been made, determine the carrying amount of Lamore's bonds payable, net. 3. For the six months ended July 1, 2018. determine the following for Lamore: a. Interest expense b. Cash interest paid What causes interest expense on the bonds to exceed cash interest paid? unt Print Done Review the following transactions of Lamore Communications, Inc.: Click the icon to view the transactions.) Read the requirements. July 1, 2018: Paid semiannual interest and amortized bond discount by the straight-line method on the 5% bonds payable. Journal Entry Date 2018 Accounts Debit Credit Jul 1 December 31, 2018: Accrued semiannual interest expense and amortized bond discount by the straight-line method on the 5% bonds payable. Journal Entry Date 2018 Accounts Debit Credit Dec 31 Choose from any list or enter any number in the input fields and then continue to the next question. Review the following transactions of Lamore Communications, Inc.: (Click the icon to view the transactions.) Read the requirements. January 1, 2019: Paid semiannual interest. Journal Entry Date Accounts Debit Credit 2019 Jan 1 January 1, 2028: Paid the 5% bonds at maturity. Journal Entry Date Accounts Debit Credit 2028 Jan 1 Choose from any list or enter any number in the input fields and then continue to the next question. Review the following transactions of Lamore Communications, Inc.: Click the icon to view the transactions.) Read the requirements. Requirement 2. At December 31, 2018, after all year-end adjustments have been made, determine the carrying amount of Lamore's bonds payable, not Al December 31, 2018, after all year-end adjustments, the carrying amount of the bonds payable in Requirement 3. For the six months ended July 1, 2018, determine the following for Lamore: a. Interest expense and b. Cash interest paid. What causes interest expem For the six months ended July 1, 2018 determine the following: a. Interest expense is $ b. Cash interest paid is $ What causes interest expense on the bonds to exceed cash interest paid? Choose from any list or enter any number in the input fields and then continue to the next question, Requirement 2. At December 31, 2018, after all year-end adjustments have been made, determine the carrying amount of Lamore's bonds payable.net At December 31, 2018 at year and adjustments, the carrying amount of the bonds payat Requirements. For the six months ended My 1 2018, determine the following for Lamore interest expense and b. Cash interest paid. What causes interest expense on the band to escolares For the months enced July 1, 2018 determine the following Introut expenses b. Cashmerest paid is What causes est expense on the bonds to exceed cash interest paid Step by Step Solution
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