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cer 10 homework -79 Question 4 of 13 View Policies Current Attempt in Progress Spring Water Company Ltd. needed to raise $61 million of additional

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cer 10 homework -79 Question 4 of 13 View Policies Current Attempt in Progress Spring Water Company Ltd. needed to raise $61 million of additional capital to finance the expansion of its bottled water facility After consulting an investment banker, it decided to issue bonds. The bonds had a face value of $61 million and an annual interest rate of 4.5% paid semi-annually on June 30 and December 31, and will reach maturity on December 31, 2030. The bonds were issued at 96.1 on January 1, 2021, for $58,621,000, which represented a yield of 5%. (b) Show the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Credit Debit e Textbook and Media List of Accounts Save for Later Attempts:0 of 3 used Submit Answer (c) Show the journal entries to record the first two interest payments. Ignore year-end accruals of interest. (Round answers to the Question 4 of 13 -/9 (c) Show the journal entries to record the first two interest payments. Ignore year-end accruats of interest. (Round answers to the nearest whole dollar, eg. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit June 30 December 31 e Textbook and Media List of Accounts Attempts: 0 of 3 used Submit Answer Save for Later (d) these bonds? (Round December 31 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (d) What amount will be reported on the statement of financial position at the end of the first year related to these bonds? (Round answers to decimal places, eg. 125.) Notes Payable $ eTextbook and Media List of Accounts Attempts: 0 of 3 used Submit Answer Save for Later

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