Entries for bonds payable, including bond redemption EETA. Instructions Chart of Accounts Journal Final Questions EET Instructions have feed BEET The following transactions were completed by Winklevossine, whose few year is the calendar year HEET 2011 July 1 Issued $74,000,000 of 20 year, 11% calable bonds dated July 1, 2011, at a market (effective rate of 13%,receiving cash of $63,532.267. Interests payable semiannually on December 31 and June 30 Paid the semiannual interest on the bonds. The bond decount amortization of $261.090 is combined with the semiannual interest payment 10 Dec 31 2012 June 30 Paid the semiannual interest on the bonds. The bond discount amortization of $261.003 is combined with the semiannual interest payment Paid the semiannual interest on the bonds. The bond discount amortization of $201.093 is combined with the semiannu interest payment Dec 31 2013 June 30 Recorded the redemption of the bords, which were called at the balance in the bond discount account is $0,420.961 after payment of interest and mortization of discount have been recorded (Record the redemption only) Required: 1 Joumate the entrins to record the actions. Round al amounts to the nearestar Raw to the Chart of Accounts for exact wording of Previous Next Check My Work Email instructor Save and Submit Assignment for Grading 6413% ell Dec. 31 Paid the semiannual interest on the bonds. The bond discount amortization of $261,693 is combined with the semiannual interest payment. 20Y2 June 30 Paid the semiannual interest on the bonds. The bond discount amortization of $261,693 is combined with the semiannual interest payment. Paid the semiannual interest on the bonds. The bond discount amortization of $261,693 is combined with the semiannual interest payment. Dec 31 20Y3 June Recorded the redemption of the bonds, which were called at 98. The balance in the bond discount account is $9.420,961 after payment of interest and amortization of discount have been recorded (Record the redemption only.) Required: 1. Journalize the entries to record the transactions. Round all amounts to the nearest dollar. Refer to the Chart of Accounts for exact wording of account titles 2. Indicate the amount of the interest expense in (a) 20Y1 and (b) 20Y2. 3. Determine the carrying amount of the bonds as of December 31, 20Y2. My Work Instructions Chart of Accounts Journal Final Questions Instructions Journal Shaded cells have feedback How does grading work? PAGE 10 JOURNAL Score: 35/75 ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 Jul, 1 Cash 2 Bonds Payable 1 Dec. 31 Interest Expense Discount on Bonds Payable Retained Earnings Interest Expense $ Dec 31 Points 6.53/14 16. Journalize the entries to record the 2012 transactions. Refer to the Chart of Accounts par exact wording of accounts. Round all amounts to the nearest do Check My Work Previous Ne Email Instructor Save and El Submit Assignment for entries for bonds payable, including bond redemption Instructions Chart of Account Journal Final Questions Instructions Journal Shaded cove to Joumalon the armies to record the 2012 mansactions. Peter to the Chart of Accounts for exact wording of account tes. Round all amounts to the nearest toitur. Question not attempted. PAGE 1 JOURNAL Score: 0/75 ACCOUNTING EQUATION DATE DESCRIPTION POST W DENT ANSETS LABUTES EQUITY Points 0714 th Check My Work Previous Emal instructor Save and Exet Submit Assignme Sa 900 go DIL 5 & 7 6 00 9 0 R. . Y U 0 F G H . Entries for bonds payable, including bond redemption Instruction Chart of Accounts Journal Final Questions Instructions Journal Shaded cashewedback te Jurato ne erories to record the 2013 santacion. Prior to the Court of Accounts for ander wording of announ ties. Rount or amounts to the nearest stolta Question not attempted PAGE 1 JOURNAL Score: 0/49 ACCOUNTING EQUATION DATE DESCRIPTION POSTE CREDIT ASSETS LIABILITIES POTY 1 . Por 079 Check My Won Previous Next Emaitut Save and E Submit Assignment for a SO od De 1 5 6 7 00 g R . Y U 0 { F. G H K
