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i am not sure if I got it right. please someone help me ? thank you so much Issuing Bonds at a Discount On the
i am not sure if I got it right. please someone help me ? thank you so much Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $3,300,000, 12%, 6-year bond that pays semiannual interest of $198,000 ($3,300,000 12% * V), receiving cash of $3,037,890. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Interest Expense 219,843 Discount on Bonds Payable 21,843 Cash 198,000 Discount Amortization On the first day of the fiscal year, a company issues a $3,300,000, 9%, 4-year bond that pays semiannual interest of $148,500 ($3,300,000 x 9% x V), receiving cash of $3,193,358 Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. Interest Expense Discount on Bonds Payable 159,164 10,664 Cash 148,500
i am not sure if I got it right. please someone help me ? thank you so much
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