Ch 10 B Q5-8

Required information [The following information applies to the questions displayed below.] Ike issues \\( \\$ 110,000 \\) of \9, three-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31. They are issued at \\( \\$ 112,881 \\) when the market rate is \8. 4. Prepare the journal entries to record the first two interest payments. Journal entry worksheet Ivote: Enter aediss derore crealts. Required Information [The following information applies to the questions displayed below.] Ike issues \\( \\$ 110,000 \\) of \9, three-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31. They are issued at \\( \\$ 112,881 \\) when the market rate is \8. 2. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. Required Information [The following information applies to the questions displayed below.] Ike issues \\( \\$ 110,000 \\) of \9, three-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31. They are issued at \\( \\$ 112,881 \\) when the market rate is \8. 3. Prepare an effective interest amortization table for the bonds' first two years. Note: Round your Intermedlate and final answers to the nearest whole dollar. Required Information [The following information applies to the questions displayed below.] Ike issues \\( \\$ 110,000 \\) of \9, three-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31. They are issued at \\( \\$ 112,881 \\) when the market rate is \8. Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. Journal entry worksheet Record the issue of bonds with a par value of \\( \\$ 110,000 \\) on January 1,2021 at an issue price of \\( \\$ 112,881 \\). Note: Enter debits before credits. Required information [The following information applies to the questions displayed below.] Ike issues \\( \\$ 110,000 \\) of \9, three-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31 . They are issued at \\( \\$ 112,881 \\) when the market rate is \8. 4. Prepare the journal entries to record the first two interest payments. Journal entry worksheet Record the second interest payment on December 31. Note: Enter debits before credits