Exercise 10 22 Cole Corporation issued $510,000,6 ,25 year bonds on January 1, 2014, for $401,119 This price resulted in an effective interest rate of8 on the bonds Interest is payable annually on January 1 Cole uses the effective interest method to amortize bond premium or discount Prepare the schedule using effective interest method to amortize bond premium or discount of Cole Corporation (Round answers to 0 decimal places, e g 150 ) Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value Issue date $ $ $ $ $ 1 2 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entries to record the issuance of the bonds (Round answers to 0 decimal places, e g 125 Credit account titles are automatically indented when amount is entered Do not indent manually ) Date Account Titles and Explanation Debit Credit Jan 1, 2014 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entries to record the accrual of interest and the discount amortization on December 31, 2014 (Round answers to 0 decimal places, e g 125 Credit account titles are automatically indented when amount is entered Do not indent manually ) Date Account Titles and Explanation Debit Credit Dec 31, 2014 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare the journal entries to record the payment of interest on January 1, 2015 (Round answers to 0 decimal places, e g 125 Credit account titles are automatically indented when amount is entered Do not indent manually ) Date Account Titles and Explanation Debit Credit Jan 1, 2015 SHOW LIST OF ACCOUNTS LINK TO TEXT Question Attempts 0 of 3 used SAVE FOR LATER SUBMIT ANSWER Copyright 2000 2016 by John Wiley Sons, Inc or related companies All rights reserved

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Exercise 10-22 Cole Corporation issued $510,000,6%,25-year bonds on January 1, 2014, for $401,119. This price resulted in an effective-interest rate of8% on the bonds. Interest

Exercise 10-22 Cole Corporation issued $510,000,6%,25-year bonds on January 1, 2014, for $401,119. This price resulted in an effective-interest rate of8% on the bonds. Interest is payable annually on January 1. Cole uses the effective-interest method to amortize bond premium or discount.

Prepare the schedule using effective-interest method to amortize bond premium or discount of Cole Corporation.(Round answers to 0 decimal places, e.g. 150.)

Interest Periods	Interest to Be Paid	Interest Expense to Be Recorded	Discount Amortization	Unamortized Discount	Bond Carrying Value
Issue date	$	$	$	$	$
1
2

SHOW LIST OF ACCOUNTS
LINK TO TEXT

Prepare the journal entries to record the issuance of the bonds.(Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Jan.1, 2014

SHOW LIST OF ACCOUNTS
LINK TO TEXT

Prepare the journal entries to record the accrual of interest and the discount amortization on December 31, 2014.(Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Dec.31, 2014

SHOW LIST OF ACCOUNTS
LINK TO TEXT LINK TO TEXT

Prepare the journal entries to record the payment of interest on January 1, 2015.(Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.)