Check my work On January 1 of this year, Diaz Boutique pays $145,000 to modernize its store. Improvements include new floors, ceilings, wiring and wall coverings. These improvements are estimated to yield benefits for 10 years. Dlaz leases (does not own) its store and has 8 years remaining on the lease. 1. & 2. Prepare the journal entry to record the cost of modernization and amortization at the end of this current year. View transaction list Journal entry worksheet Record the cost of modernization of the store for $145,000 cash. Check my work Tano Company issues bonds with a par value of $84,000 on January 1, 2019. The bonds' annual contract rate is 9%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 12%, and the bonds are sold for $77,807 1. What is the amount of the discount on these bonds at issuance? 2. How much total bond Interest expense will be recognized over the life of these bonds? 3. Prepare a straight-line amortization table for these bonds. Donds Complete this question by entering your answers in the tabs below. by enterin Required 1 Required 2 Required 3 What is the amount of the discount on these bonds at issuance? Required 2 > Prev 1 of 9 Next >