Long Term Liabilities (Both exercises on computer please)

814-4 (201) EXCEL (Entries for Bond Transactions--Straight-Line Celine Dion Company issued $600,000 of 10% 20-year bonds on January 1, 2017 at 102. Interest is payable semiannually on July 1 and January 1. Dion Company uses the straight-line method of amortization for bond premium or discount Instructions Prepare the journal entries to record the following. (a) The issuance of the bonds. (b) The payment of interest and the related amortization on July 1, 2017 (e) The accrual of interest and the related amortization on December 31, 2017 E14-5 (L01) EXCEL (Entries for Bond Transactions-Effective Interest) Assume the same information as in E14-4, except that Celine Dion Company uses the effective-interest method of amortization for bond premium or discount. Assume an effec- tive yield of 9.7705%. Instructions Prepare the journal entries to record the following. (Round to the nearest dollar.) (a) The issuance of the bonds. (b) The payment of interest and related amortization on July 1, 2017. (c) The accrual of interest and the related amortization on December 31, 2017 1. Linas maturity valu 4 A1