Mos Motor Corp issued $250,000 of 6 , 5 year bonds on April 1, 2021 Interest is payable semi annually on April 1 and October 1 On April 1, 2023, immediately after making and recording the semi annual interest payment, Mos redeemed the bonds Below is a partial amortization schedule for the first few years of the bond issue Mo's Motor Corp Bond Discount Amortization Schedule Interest Period Interest Payment Interest Expense Amortization Bond Amortized Cost 01 Apr 2021 $239,604 24 01 Oct 2021 $7,500 00 $8,386 15 $886 15 240,490 39 01 Apr 2022 7,500 00 8,417 16 917 16 241,407 55 01 Oct 2022 7,500 00 8,449 26 949 26 242,356 81 01 Apr 2023 7,500 00 8,482 49 982 49 243,339 30 Were the bonds issued at a discount or at a premium The bonds were issued at a premiumdiscount What is the bonds face value Face value $ What will be the bonds amortized cost at the maturity date Amortized cost $ Prepare the journal entry to record the payment of interest on Oct 1, 2021 (Credit account titles are automatically indented when the amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter 0 for the amounts Round answers to 2 decimal places, e g 5,275 25 ) Date Account Titles and Explanation Debit Credit Oct 1, 2021 Prepare the journal entry to record the redemption of the bonds assuming they were redeemed at 100 (Credit account titles are automatically indented when the amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter 0 for the amounts Round answers to 2 decimal places, e g 5,275 25 ) Date Account Titles and Explanation Debit Credit Apr 1, 2023 Prepare the journal entry to record the redemption of the bonds assuming they were redeemed at 96 (Credit account titles are automatically indented when the amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter 0 for the amounts Round answers to 2 decimal places, e g 5,275 25 ) Date Account Titles and Explanation Debit Credit Apr 1, 2023

Question

Mos Motor Corp  issued $250,000 of 6 , 5 year bonds on April 1, 2021  Interest is payable semi annually on April 1 and October 1  On April 1, 2023, immediately after making and recording the semi annual interest payment, Mos redeemed the bonds  Below is a partial amortization schedule for the first few years of the bond issue  Mo's Motor Corp  Bond Discount Amortization Schedule Interest Period Interest Payment Interest Expense Amortization Bond Amortized Cost 01 Apr  2021 $239,604 24 01 Oct  2021 $7,500 00 $8,386 15 $886 15 240,490 39 01 Apr  2022 7,500 00 8,417 16 917 16 241,407 55 01 Oct  2022 7,500 00 8,449 26 949 26 242,356 81 01 Apr  2023 7,500 00 8,482 49 982 49 243,339 30 Were the bonds issued at a discount or at a premium  The bonds were issued at a premiumdiscount  What is the bonds face value  Face value $ What will be the bonds amortized cost at the maturity date  Amortized cost $ Prepare the journal entry to record the payment of interest on Oct 1, 2021  (Credit account titles are automatically indented when the amount is entered  Do not indent manually  If no entry is required, select  No Entry  for the account titles and enter 0 for the amounts  Round answers to 2 decimal places, e g  5,275 25 ) Date Account Titles and Explanation Debit Credit Oct  1, 2021 Prepare the journal entry to record the redemption of the bonds assuming they were redeemed at 100  (Credit account titles are automatically indented when the amount is entered  Do not indent manually  If no entry is required, select  No Entry  for the account titles and enter 0 for the amounts  Round answers to 2 decimal places, e g  5,275 25 ) Date Account Titles and Explanation Debit Credit Apr  1, 2023 Prepare the journal entry to record the redemption of the bonds assuming they were redeemed at 96  (Credit account titles are automatically indented when the amount is entered  Do not indent manually  If no entry is required, select  No Entry  for the account titles and enter 0 for the amounts  Round answers to 2 decimal places, e g  5,275 25 ) Date Account Titles and Explanation Debit Credit Apr  1, 2023

Accepted Answer

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Mo's Motor Corp. Bond Discount Amortization Schedule
Interest Period		Interest Payment	Interest Expense	Amortization	Bond Amortized Cost
01-Apr.	2021				$239,604.24
01-Oct.	2021	$7,500.00	$8,386.15	$886.15	240,490.39
01-Apr.	2022	7,500.00	8,417.16	917.16	241,407.55
01-Oct.	2022	7,500.00	8,449.26	949.26	242,356.81
01-Apr.	2023	7,500.00	8,482.49	982.49	243,339.30

Date	Account Titles and Explanation	Debit	Credit
Oct. 1, 2021

Date	Account Titles and Explanation	Debit	Credit
Apr. 1, 2023

Date	Account Titles and Explanation	Debit	Credit
Apr. 1, 2023

Question

Mos Motor Corp. issued $250,000 of 6%, 5-year bonds on April 1, 2021. Interest is payable semi-annually on April 1 and October 1. On April

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