Exercise 14-9 (Part Level Submission) On June 30, 2017, Windsor Company issued $4,800,000 face value of 13%, 20-year bonds at $5,161,102, a yield of 12%. Windsor uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31 (a) Your answer is correct. Prepare the journal entries to record the following transactions. (Round answer to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) ) The issuance of the bonds on June 30, 2017. (2 The payment of interest and the amortization of the premium on December 31, 2017. a The payment of interest and the amortization of the premium on June 30, 2018 (4) The payment of interest and the amortization of the premium on December 31, 2018 Td E N. Cr Cash () June 30, 2013 5261102 Premum on Bonds Payable Ionds Payable 480000 (2) December 31, 201 st Expense 30 Pemum on Bonds Payable 2334 312000 Cash 3) June 30, 201s Bberest Expenee 309526 Premum on Bonds Payable 244 312000 Cash (4) December 31, 203 st Expense 3093 Premium on Bonds Peyble 2622 Cash 312000 Clicki you wuld ike to Show Work for this question: Open Show ork LIST OF ACous owseuo a amt 2f 3 sed (b) Show the proper balance sheet presentation for the liability for bonds payable on the December balance sheet. (Round answers to 0 decimal places, e.g. 38,548.) 31, 2018, Windsor Company Balance Sheet Click you would like to Show Work for this question: Open Show orke T ANSWER amemp 3used FOR LATER Account Titles and Explanation No. Date Debit Credit (1) June 30, 2017 Cash 5161102 Premium on Bonds Payable 361102 Bonds Payable 4800000 (2) December 31, 2017 Interest Expense 309666 Premium on Bonds Payable 2334 312000 Cash (3) June 30, 2018 Interest Expense 309526 Premium on Bonds Payable 2474 Cash 312000 (4) December 31, 2018 Interest Expense 309378 Premium on Bonds Payable 2622 Cash 312000 Click if you would like to Show Work for this question: Open Show Work Exercise 14-9 (Part Level Submission) On June 30, 2017, Windsor Company issued $4,800,000 face value of 13%, 20-year bonds at $5,161,102, yield of 12%. Windsor uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31. a Your answer is correct. Prepare the journal entries to record the following transactions. (Round answer to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) The issuance of the bonds on June 30, 2017. (2) The payment of interest and the amortization of the premium on December 31, 2017. (3) The payment of interest and the amortization of the premium on June 30, 2018. (4) The payment of interest and the amortization of the premium on December 31, 2018. (D) Show the proper balance sheet presentation for the liability for bonds payable on the December 31, 2018, balance sheet. (Round answers to 0 decimal places, e.g. 38,548.) Windsor Company Balance Sheet Click if you would ike to Show Work for this question: Open Show Work Attempts: o of3 used SAVE FOR LATER SUBHIT