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Lskeade Magezne issued 5350,000 of 15-year, 9 % callable bonds payable on July 31, 2018, at 96. On July 31, 2021, Lekeade called the bonds
Lskeade Magezne issued 5350,000 of 15-year, 9 % callable bonds payable on July 31, 2018, at 96. On July 31, 2021, Lekeade called the bonds at 103. Assume annuall interest payments Requirements 1 Without making journal entries, compute the carrying amount of the bonds payable at July 31, 2021. .2021 o eplanation is requlred 2 Assume all amortzation has been recorded property, Journalize the retirament of the bonds on July3 Raquiramant 1. Wthout making journal antrias, computa the camrying amount of the bonds payable July 31, 2021 (Assume bonds payahla ara amortized using the straight-line amortization mathady First, complate the santonca balow The carrving amaunt of the bands pavable at issuance (July 31, 2010 ) is S an tha honds at The issuance amounts to $ The carrying amount of the bonds payable at July 31, 2021 is S July 31, 2021. No axplanation is raquirad. (Rocord dabits first, then credits Exclude axplanations from any journal antrias. Chack your spelling carefully d do not abbreviato.) Requirement 2. Ascuma all amortization has baon racordad proparly Joumaliza be retirement of the bonde Date Accounts Debit Credit 2021 Jul. 31
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