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helpppll Required informotion Problem 10-4A (Algo) Straight-Line: Amortization of bond discount LO P2 The following information applies fo the questions displayed below] Legacy issues $540.000
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Required informotion Problem 10-4A (Algo) Straight-Line: Amortization of bond discount LO P2 The following information applies fo the questions displayed below] Legacy issues $540.000 of 85%. four-year bonds dated January 1, 202t, that pay interest semiarnually an June 30 and December 31 They are issued at $570.443 when the market rate is.12x. Problem 10-4A (Algo) Part 1 Required: 1. Piepare the January 1journal erify to record the bonds' issuance Journal entry worksheet Recors the hasue of bends with a siar value of sed0,000 bn 13 nuary 112021 at: an issue price of s570,443. Required informotion Problem 10-4A (Algo) Straight-Line: Amortization of bond discount LOP2 [The following information applies to the questions displayed below] Legacy issues $640,000 of 8.5% four-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31 They are issued at $570.443 when the market cate is 12% Problem 10.4A (Algo) Part 2 2. Determine the total bond interest expense to be recognized over the bonds' life. Required information Problem 10-4A (Algo) Straight-Line: Amortization of bond discount LOP2 [The following information applies to the questions displayed below] Legacy issues $640,000 of 8.5%, four-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31 . They are issued at $570.443 when the market rate is 12%. roblem 10-4A (Algo) Part 3 3. Prepare a straight-ilne amortization table for the bonds' first two years. (Round your intermediate and final answers to the nearest whole dollar.) Required information Problem 10.4A (Algo) Straight-Line: Amortization of bond discount LO P2 [The following information applies to the questions displayed befow] Legacy issues $640,000 of 8.5%, four-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31 . They are issued at $570,443 when the market rate is 12%. Problem 10-4A (Algo) Part 4 4. Prepare the journal entries to record the first two interest payments. Journal entry worksheet 2 Record the interest payment and amortization on June 30 . Note: Enter debisa betore credite Step by Step Solution
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