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Help finishing these problems please!!! 3 value: 1.00 points QS 10-7 Recording bond issuance and discount amortization LO P1, P2 Sylvestor Company issues 996, five-year
Help finishing these problems please!!!
3 value: 1.00 points QS 10-7 Recording bond issuance and discount amortization LO P1, P2 Sylvestor Company issues 996, five-year bonds, on December 31, 2014, with a par value of $180,000 and semiannual interest payments Semiannual Period-End (0) 12/31/2014 (1) 6/30/2015 (2) 12/31/2015 Unamortized Discount $ 6,600 5,940 5,280 Carrying Value $173,400 174,060 174,720 Use the above bond amortization table and prepare journal entries to record (a) the issuance of bonds on December 31, 2014; (b) the first interest payment on June 30, 2015; and (c) the second interest payment on December 31, 2015 View transaction list View journal entry worksheet Date General Journal Debit Credit 1Dec 31, 2014 Discount on bonds payable Cash 6,600 173,400 Bonds payable 15,606 2Jun 30, 2015 Bond interest expense Discount on bonds payable CashStep by Step Solution
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