Journalize the following transactions for McQueen. Include an explanation for each entry. a. Issuance of the bonds payable at par on July 1, 2018 b. Accrual of interest expense on December 31, 2018 c. Payment of cash interest on January 1, 2019 d. Payment of the bonds payable at maturity (give the date) (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) on January 1 and July 1. Read the a. Issuance of the bonds payable at par on July 1, 2018 b. Payment of the bonds payable at maturity (give the date) Requirements 1. Journalize the transactions of Lamothe Communications, Inc. 2. At December 31, 2018, after all year-end adjustments have been made, determine the carrying amount of Lamothe's bonds payable, net. 3. For the six months ended July 1, 2018, determine the following for Lamothe: a. Interest expense b. Cash interest paid What causes interest expense on the bonds to exceed cash interest paid? Review the following transactions of Lamothe Communications, Inc.: (Click the icon to view the transactions.) Read the Requirement. Journalize the transactions of Lamothe Communications Inc. (Record debits first, then credits. Exclude explanations from any journal entries.) January 1, 2018: Issued $8,000,000 of 6%,10-year bonds payable at 96 . Interest payment dates are July 1 and January 1. January 1, 2028: Paid the bonds at maturity (ignore the interest payment at maturity). Journalize the following transactions for McQueen. Include an explanation for each entry. a. Issuance of the bonds payable at par on July 1, 2018 b. Accrual of interest expense on December 31, 2018 c. Payment of cash interest on January 1, 2019 d. Payment of the bonds payable at maturity (give the date) (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) on January 1 and July 1. Read the a. Issuance of the bonds payable at par on July 1, 2018 b. Payment of the bonds payable at maturity (give the date) Requirements 1. Journalize the transactions of Lamothe Communications, Inc. 2. At December 31, 2018, after all year-end adjustments have been made, determine the carrying amount of Lamothe's bonds payable, net. 3. For the six months ended July 1, 2018, determine the following for Lamothe: a. Interest expense b. Cash interest paid What causes interest expense on the bonds to exceed cash interest paid? Review the following transactions of Lamothe Communications, Inc.: (Click the icon to view the transactions.) Read the Requirement. Journalize the transactions of Lamothe Communications Inc. (Record debits first, then credits. Exclude explanations from any journal entries.) January 1, 2018: Issued $8,000,000 of 6%,10-year bonds payable at 96 . Interest payment dates are July 1 and January 1. January 1, 2028: Paid the bonds at maturity (ignore the interest payment at maturity)
