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HELPPP with these pleaseee !! and thank you so much Journalizing installment Notes On the first day of the fiscal year, a company issues $45,000,

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Journalizing installment Notes On the first day of the fiscal year, a company issues $45,000, 8%, seven-year installment notes that have annual payments of $8,643. The first note payment consists of $3,600 of interest and $5,043 of principal repayment. a. Journalize the entry to record the issuance of the installment notes. b. Journalize the first annual note payment. For a compound transaction, it an amount box does not require an entry, leave it blank Glover Corporation issued $2,000,000 of 7.5%, six-year bonds dated March 1, with semiannual interest payments on September 1 and March 1. The bonds were issued on March 1 at 97. Glover's year end is December 31. a. Were the bonds issued at a premium, at a discount, or at par? b. Was the market rate of interest higher, lower, or the same as the contract rate of interest? c. If the company uses the straight-line method of amortization, what is the amount of interest expense Glover Corporation will show for the year ended December 317 Round your answer to the nearest whole dollar d. What is the carrying value of the bonds on December 317 Round your answer to the nearest whole dollar

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