Journalize the issuance of the bonds payable. $($Record debits first, then credits. Exclude explanations from any journal entries.$)$

Journal Entry

How much must Wilbur pay back at maturity? When is the maturity date?

At maturity, Wilbur must pay back

The maturity date is

How much cash interest will Wilbur pay each six months?

Every six months, Wilbur will pay interest of

How much cash did Wilbur receive when it issued the bonds payable?

Journalize this transaction.

How much must Wilbur pay back at maturity? When is the maturity date?

How much cash interest will Wilbur pay each six months?

How much interest expense will Wilbur report each six months? Use

the straight$-$line amortization method. Journalize the entries for the accrual of

interest and the amortization of premium on December $31,2021,$ and

payment of interest on January $1,2022.$

How much interest expense will Wilbur report each six months? Use the straight$-$line am

December $31,2021,$ and payment of interest on January $1,2022.$

Every six months, Wilbur will report interest expense of

Journalize the entry for accrual of interest and amortization of discount on December $31,2$