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Check my work 3 art 3 of 4 On January 1, 2019, Drennen Inc. issued $5 million face amount of 10-year, 14% stated rate bonds
Check my work 3 art 3 of 4 On January 1, 2019, Drennen Inc. issued $5 million face amount of 10-year, 14% stated rate bonds when market interest rates were 12%. The bonds pay semiannual interest each June 30 and December 31 and mature on December 31, 2028. Table 6-4, Table 6-5 (Use appropriate factor from the table provided.) 25 ints eBook Print References b-2. Assume instead that the proceeds were $4,820,000. Record the journal entry to show the payment of semiannual interest and the related discount amortization on June 30, 2019, assuming that the discount of $180,000 is amortized on a straight-line basis.(If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet CD Check my work BIU. 3 ! Required information View transaction list rt 3 of 4 Journal entry worksheet
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