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INSTRUCTIONS: Journalize the following bond related transactions for the Manicotti a) 2018 Jan 1 Jun 30 Dec. 31 2022 Apr 30 Company. Issued $1,600,000 of
INSTRUCTIONS: Journalize the following bond related transactions for the Manicotti a) 2018 Jan 1 Jun 30 Dec. 31 2022 Apr 30 Company. Issued $1,600,000 of 8 year, 7% callable bonds for $1,664,000, with interest payable semi-annually on June 30 and December 31 of each year. Paid the semi-annual interest payment and amortized the discount/premium on the bonds. Paid the semi-annual interest payment and amortized the discount/premium on the bonds. The Manicotti Company called the bonds at 101. (Record the redemption of the bonds only)
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