How your control your ow you to doudou o dende hout go to them on the web hosting. Thit option du barot your MOR SENHA 1 QUESTION 3: BONOS PALABLE (20 markt) A B D G On June 1, 2020, the Seltzer Bottle Company sold $400,000 long-term bonds for $331,180. The bonds will mature in 10 years and pay interest semi-annually every June 1 and December 1. The bonds are to be accounted for under the effective interest method. The staff accountant has correctly prepared the following amortization schedule data. Use this data to answer the required. Date Interest expense Interest Payment Amortization amount 1-Jun-20 1-Dec-20 1-Jun-21 1-Dec-21 1.Jun.22 19,871 19,983 20,102 20.228 10,000 18,000 18,000 18.000 1,871 1,983 2,102 2.228 Carrying valon 331 180 393,051 335034 397,136 333,364 REQUIRED: (1). Prepare the Joumal entry on December 1, 2020. Use the drop down boxes for nocount names List debits before credits Date Account Title Debit Credit Dec. 1/20 Activate Windo co to sing to Q: Cover Sheet 02 03 + 04 05 06 Garted to Me v Excel Tsingh145 R. Saved P Search Alt + Fle Home Insert Draw Page Layout Formulas Data Review View Help Editing Calib 14 v BBVA .... General 2 BYBE Thanks for using Mice Weve made tontude to the progress to give you more control your dignissin wyou to wie se oblike. Togetto dide whether you use the etting go to the office on the web Privacy fetting these optionat day band Mos e provided to you do the Moon Street AI fi QUESTIONS BONOS PAVABLE (20 marks) D D G H (2). Prepare the journal entry on March 31, 2021, the year-end for Seltzer Bottle Company. Vie the drop-down boxes for account namet. Round 21 cach line to the nearest whole dollar (O decimals) Ust debits listed before credits 22 Date Account Title Debit Credit 21 Mar 31/21 USE THE ROUND Each 24 ROUND line too FORMULA 25 decimals 26 27 (3) What account and amount would Solter show on its income statement for the year ending March 31, 20212 28 Account name Amount (S) 29 30 3 (4) Show the proper presentation for al bond related liabilities on the March 31, 2021. statement of Phancial position. Use the drop-down boves to 22 select the appropriate account name and classification Classification Account Name 33 Amount) Statement of 34 Financial Activate Wing 35 Position Cox Setto Cover Sheet 02 03 04 05 06 OFERTE Calculator Mode AutomatitWorkbook biti EL 40 (5). Assume on June 1.2022 Seltrer Bottle Company redeemed all of the $400,000 bonds prior to their maturity date. The redemption was 30 performed at 98. All entries associated with the bond interest and amortization were already made at this date (using the mortation schedule above) Prepare the corporation's journal entry to record the redemption of the bonds ONLY Use the last line of the journal entry to record any 39 gair loss on redemption (only need to enter amount under appropriate Debitor Credit blue call of last row). Date Account Title Debit Credit 41 Jun, 1/22 2 43 Redemption 14 25 25
