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hi I need help. please answer. it's all 1 question Dobbs Company issues 5%, two-year bonds, on December 31, 2019, with a par value of
hi I need help. please answer. it's all 1 question
Dobbs Company issues 5%, two-year bonds, on December 31, 2019, with a par value of $100,000 and semiannual interest payments. Semianhual Period - End 12/31/2019 (1) 6/30/2020 (2) 12/31/2020 (3) 6/30/2021 (4) 12/31/2021 Unamortized Discount $6,000 4,500 3.000 1,500 Carrying Value $ 94,000 95,500 97,000 98,500 100,000 Use the above straight-line bond amortization table and prepare journal entries for the following. Required: (a) The issuance of bonds on December 31, 2019 (b) The first through fourth interest payments on each June 30 and December 31. (c) Record the maturity of the bonds on December 31, 2021. Complete this question by entering your answers in the tabs below. Required A Required B Required The issuance of bonds on December 31, 2019 View transaction list Journal entry worksheet m Record the interest payment and amortization on December 31, 2020. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2020 Record entry Clear entry View general journal Saved Dobbs Company issues 5%, two-year bonds, on December 31, 2019, with a par value of $100,000 and semiannual interest payments. Semiannual Period-End (0) 12/31/2019 (1) 6/30/2020 (2) 12/31/2020 (3) 6/30/2021 (4) 12/31/2021 Un amortized Discount $6.000 4,500 3,000 1,500 Carrying Value $ 94,000 95,500 97,800 98,500 100,000 Use the above straight-line bond amortization table and prepare journal entries for the following Required: (a) The issuance of bonds on December 31, 2019 (b) The first through fourth interest payments on each June 30 and December 31 (c) Record the maturity of the bonds on December 31, 2021. Complete this question by entering your answers in the tabs below. Required A Required B Required c The first through fourth interest payments on each June 30 and December 31. View transaction list Journal entry worksheet Record the interest payment and amortization on June 30, 2021. Note: Enter debits before credits Date General Journal Debit Credit Jun 30, 2021 Record entry Clear entry View general journal Dobbs Company issues 5%, two-year bonds, on December 31, 2019, with a par value of $100,000 and semiannual interest payments. Semiannual Period-End (0) 12/31/2019 (1) 6/30/2020 (2) 12/31/2020 (3) 6/30/2021 (4) 12/31/2021 Un amortized Discount $6,000 4,500 3,000 1,500 Carrying Value $ 94,000 95,500 97,000 98,500 100,000 Use the above straight-line bond amortization table and prepare journal entries for the following Required: (a) The issuance of bonds on December 31, 2019 (b) The first through fourth interest payments on each June 30 and December 31. (c) Record the maturity of the bonds on December 31, 2021. Complete this question by entering your answers in the tabs below. Required A Required B Required c The first through fourth interest payments on each June 30 and December 31. View transaction list Journal entry worksheet 1 2. 3 Record the interest payment and amortization on December 31, 2021 Note: Enter debits before credits Da General Journal Debit Credit Dec 31 2021 Dobbs Company issues 5%, two-year bonds, on December 31, 2019, with a par value of $100.000 and semiannual interest payments. Semiannual Period End (0) 12/31/2019 (1) 6/30/2020 (2 12/31/2020 (3) 6/30/2021 (4) 12/31/2021 Unamortized Discount $6,000 4,500 3,000 1,500 Carrying Value $ 94,900 95, see 97,000 98,500 100.000 Use the above straight-line bond amortization table and prepare journal entries for the following Required: (a) The issuance of bonds on December 31, 2019 (b) The first through fourth interest payments on each June 30 and December 31 (c) Record the maturity of the bonds on December 31, 2021 Complete this question by entering your answers in the tabs below. Required A Required B Required Record the maturity of the bonds on December 31, 2021. View transaction list Journal entry worksheet Record the payment on maturity on December 31, 2021. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 2021
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