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Entries for bende parable, including bond redemption The following transactions were completed by Montague inc, whose fiscal year is the calendar year: 2 0 1
Entries for bende parable, including bond redemption
The following transactions were completed by Montague inc, whose fiscal year is the calendar year:
July Issued $ of year, callable bonds dated July Y at a market effective rate of receiving cash of $ Interest is payable semiannually on December and June
December Paid the semiannual interest on the bonds. The bond premium amortization of $ is combined with the semiannual interest payment.
lune Paid the semiannual interest on the bonds. The bond premium amortization of $ is combined with the semiannual interest payment.
December Paid the semiannual interest on the bonds. The bond premium amortization of $ is combined with the semiannual interest payment.
June Recorded the redemption of the bonds, which were called at The balance in the bond premium account is $ after payment of interest and amortization of premium have been recorded. Record the redemption only.
Journalize the entries to record the foregoing transactions. If an amount box does not require an entry, leave it blank. When required, round amounts to the nearest dollar.
or July
Dec.
lune
Dec.
J June
P
Indicate the amount of the interest expense in a and b
Determane the corrying amount of the bonds as of December
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