ment 1. Joumalize the transactions of Lamire Communications Inc. (Record debits first, then credits. Exclude explanations from any journal entries.) 1. 2016: Issued $7,000,000 of 7%, 10-year bonds payable at 94. Interest payment dates are July 1 and January 1 More Info - * Requirements 2016 Jan 1. Joumalize the transactions of Lamire Communications, Inc. 2. At December 31, 2016, after al year-end adjustments, determine the carrying amount of Lamire Communications bonds payable, net. 3 For the six months ended July 1, 2016, determine the following for Lamire Communications, Inc.: a. Interest expense b. Cash interest paid What causes interest expense on the bonds to exceed cash interest paid? Issued $7,000,000 of 7%, 10-year bonds payable at 94. Interest payment dates are July 1 and January 1. 1 Paid semiannual interest and amortized bond discount by the straight-line method on the 7% bonds payable. 31 Accrued semiannual interest expense and amortized the bond discount by the straight-line method on the 7% bonds payable. Dec 2017 Jan 2026 Jan 1 Paid semiannual interest. 1 Paid the 7% bonds at maturity Print Done Cash Print Done from any list or enter any number in the input fields and then continue to the next