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I can't figure out question 7 :( Bennett Company issued $240,000, 6%, 10-year bonds payable at 86 on January 1, 2018. 6. Journalize the issuance

I can't figure out question 7 :(

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Bennett Company issued $240,000, 6%, 10-year bonds payable at 86 on January 1, 2018. 6. Journalize the issuance of the bonds payable on January 1, 2018. 7. Journalize the payment of semiannual interest and amortization of the bond discount or premium (using the straight-line amortization method) on July 1, 2018. 8. Assume the bonds payable was instead issued at 106. Journalize the issuance of the bonds payable and the payment of the first semiannual interest and amorti (Record debits first, then credits. Select explanations on the last line of the journal entry.) 6. Journalize the issuance of the bonds payable on January 1, 2018. Date Accounts and Explanation Debit Credit Jan. 1 Cash 206,400 Discount on Bonds Payable 33,600 Bonds Payable 240,000 Issued bonds at a discount. 7. Journalize the payment of semiannual interest and amortization of the bond discount or premium (using the straight-line amortization method) on July 1, 2018. Date Accounts and Explanation Debit Credit Jul. 1 Interest Expense Cash Discount on Bonds Payable Paid semiannual interest and amortized discount

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