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Leigh Inc. issued $350,000,8% bonds on August 1,2022 . Interest is payable semiannually on February 1 and August 1. The bonds mature on August 1,
Leigh Inc. issued $350,000,8% bonds on August 1,2022 . Interest is payable semiannually on February 1 and August 1. The bonds mature on August 1, 2026. At the time of issuance, similar bonds were trading at 9%. Leigh Inc. has a year-end of December 31. a. Create a bond amortization schedule for the term of the bond. Round amounts to the nearest dollar. b. Prepare all required journal entries for 2022 and 2023 (including the issuance of the bonds). Round all amounts to the nearest dollar
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