Check my we Legacy issues $690.000 of 70%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31 They are issued at $623,078 when the market rate is 10% Required: 1. Prepare the January 1journal entry to record the bonds' issuance. 2. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. 3. Prepare an effective interest amortization table for the bonds lift two years. 4. Prepare the journal entries to record the first two interest payments, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare the January 1 Journal entry to record the bonds Issuance. View transaction et Journal entry worksheet 1 Record the issue or bonds with a per value of $90,000 on January 1 at an Issue price of $623,070 Note: Enter debits before credits General Journal Dobi Credit Dato January 01 Legacy issues $690,000 of 7.0%, four-year bonds dated January 1, 2019 that pay interest semiannually on June 30 and December 31 They are issued at $623.078 when the market rate is 10% Required: 1. Prepare the January 1 joumal entry to record the bonds issuance 2. Complete the below table to calculate the total bond interest expense to be recognized over the bonds life 3. Prepare an effective interest amortization table for the bonds first two years. 4. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Tequired 4 Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. ces Total bond interest expanse over life of bonds: Amount repaid payments of Par value at maturity Total repaid Loss amount borrowed Total bond interest expense 0 0 Legacy issues $690.000 of 7.0%, four-year bonds dated January 1, 2019. that pay interest semiannually on June 30 and December 31 They are issued at $623,078 when the market rate is 10% Required: 1. Prepare the January 1joumal entry to record the bonds issuance. 2. Complete the below table to calculate the total bond interest expense to be recognized over the bonds life. 3. Prepare an effective interest amortization table for the bonds' first two years, 4. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare an effective interest amortization table for the bands' first two years. Semiannual Cash Interest Bond Interest Discount Interest Unamortized Pald Period-End Expense Amortization Camrying Valu Discount 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 1. Prepare the January 1 journal entry to record the bonds' Issuance. 2. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. 3. Prepare an effective interest amortization table for the bonds' first two years. 4. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet 1 2 > Record the first interest payment on June 30. Note: Enter debits before credits Date General Journal Debit Credit June 30 1. Prepare the January 1 journal entry to record the bonds issuance. 2. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. 3. Prepare an effective interest amortization table for the bonds' first two years. 4. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required od 4 Prepare the Journal entries to record the first two interest payments. View transaction list Journal entry worksheet
