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I need help with the last question On January 1, 2020, Teal Mountain Inc. sold 14% bonds having a maturity value of $840,000 for $900,563,

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On January 1, 2020, Teal Mountain Inc. sold 14% bonds having a maturity value of $840,000 for $900,563, which provides the bondholders with a 12% yield. The bonds are dated January 1, 2020, and mature on January 1, 2025, with interest payable on January 1 of each year. The company follows IFRS and uses the effective interest method. Prepare the journal entry at the date of issue. (Round answers to decimal places, eg. 5,255. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1, 2020 Cash 900563 Bonds Payable 900563 eTextbook and Media List of Accounts Prepare a schedule of interest expense and bond amortization for 2020 through 2023. (Round answers to decimal places, eg. 5,275.) erest Expense and Bond Premium Amortization est Method H Question 2 of 5 - / 8 Prepare a schedule of interest expense and bond amortization for 2020 through 2023. (Round answers to decimal places, eg. 5,275.) erest Expense and Bond Premium Amortization 2st Method Debit edit Interest sh Expense Debit Bonds Payable Carrying Amount of Bonds $ 900563 117600 $ 108068 $ 9532 891031 117600 106924 10676 880355 117600 105643 11957 868398 eTextbook and Media List of Accounts Prepare the journal entries to record the interest payment and the amortization for 2020. (Round answers to decimal places, eg. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Prepare the journal entries to record the interest payment and the amortization for 2020. (Round answers to decimal places, eg. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 31, Interest Expense 2020 108068 Bonds Payable 9532 Interest Payable 117600 Jan. 1, Interest Payable 117600 2021 Cash 117600 e Textbook and Media List of Accounts Prepare the journal entries to record the interest payment and the amortization for 2022. (Round answers to decimal places, eg. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 31, 2022 Jan. 1, 2023 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit

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