Ch10 B Q1-4

Required Information [The following information applies to the questions displayed below.] Legacy issues \\( \\$ 710,000 \\) of \8.0, four-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31. They are issued at \\( \\$ 621,812 \\) when the market rate is \12. 4. Prepare the journal entries to record the first two interest payments. Journal entry worksheet Record the interest payment and amortization on June 30. Note: Enter debits before credits. Required Information [The following information applies to the questions displayed below.] Legacy issues \\( \\$ 710,000 \\) of \8.0, four-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31. They are issued at \\( \\$ 621,812 \\) when the market rate is \12. 2. Determine the total bond interest expense to be recognized over the bonds' life. Required Information [The following information applies to the questions displayed below.] Legacy issues \\( \\$ 710,000 \\) of \8.0, four-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31. They are issued at \\( \\$ 621,812 \\) when the market rate is \12. 4. Prepare the journal entries to record the first two interest payments. Journal entry worksheet Record the interest payment and amortization on December 31. Note: Enter debits before credits. Required Information [The following information applies to the questions displayed below.] Legacy issues \\( \\$ 710,000 \\) of \8.0, four-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31. They are issued at \\( \\$ 621,812 \\) when the market rate is \12. 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 \\( \\$ 710,000 \\) on January 1,2021 at an issue price of \\( \\$ 621,812 \\). Note: Enter debits before credits. Required Information [The following information applies to the questions displayed below.] Legacy issues \\( \\$ 710,000 \\) of \8.0, four-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31. They are issued at \\( \\$ 621,812 \\) when the market rate is \12. 3. Prepare a straight-line amortization table for the bonds' first two years. Note: Round your intermediate and final answers to the nearest whole dollar