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Jaymar Company issued bonds with the following provisions: - Maturity value: $200,000,000 - Interest: 8.1 percent per year payable semi-annually each June 30 and December

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Jaymar Company issued bonds with the following provisions: - Maturity value: $200,000,000 - Interest: 8.1 percent per year payable semi-annually each June 30 and December 31 - Terms: Bonds dated January 1 , year 1 , due 10 years from that date - The company's fiscal year ends on December 31 ; the bonds were sold on January 1, year 1 , at a yield of 8 percent Use Table 8C, Table 8C? Required: 1. Compute the issue (sale) price of the bonds. (Round the final answer to the nearest whole dollar.) 2. Prepare the journal entry to record the issuance of the bonds. (If no entry is required for a transaction/event, select "No jouri entry required" in the first account field. Round the final answers to the nearest whole dollar.) 2. Prepare the journal entry to record the issuance of the bonds, (if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round the final answers to the nearest whole dollar.) 2. Prepare the journal entry to record the issuance of the bonds, (if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round the final answers to the nearest whole dollar.) 3. Prepare the journal entries at the following dates: June 30, year 1; December 31, year 1, and June 30, year 2 . Use the effectiveinterest method to amortize bond discount or premium. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round the final answers to the nearest whole dollar.) Journal entry worksheet Record semi-annual interest payment and amortization of bond premium. Note: Enter debits before credits. 4. How much interest expense would be reported on the statement of earnings for year 1? (Round the final answer to the ne whole dollar.)

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