Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you please do the journal entries for this with these numbers. desperate need of help please They are not right Check my work Problem

image text in transcribedCan you please do the journal entries for this with these numbers. desperate need of help pleaseimage text in transcribedThey are not right

Check my work Problem 9-4B Record bond issue and related interest (LO9-5) (The following information applies to the questions displayed below.] Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2021, the company issues $1,820,000 of 7% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Problem 9-4B Part 1 Required: 1. If the market interest rate is 7%, the bonds will issue at $1,820,000. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet :X: Debit Credit 1,692,600 1 Record the bond issue. 127,400 1,820,000 2 Record the first semiannual interest payment. 59,241 3 Record the second semiannual interest payment. 4,459 non No Date General Journal Debit Credit 1 January 01, 2021 Cash 1,692,600 127,400 Discount on bonds payable Bonds Payable 1,820,000 2 June 30, 2021 59,241 Interest Expense Discount on bonds payable 4,459 Cash 63,700 3 December 31, 2021 Interest Expense 59,397 Discount on bonds payable 4,303 63,700 Cash

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial accounting

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

1st edition

471467855, 978-0471467854

More Books

Students also viewed these Accounting questions

Question

Is there anything else you would like us to know about you?

Answered: 1 week ago

Question

=+3. What is content curation and its role within social media?

Answered: 1 week ago