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Need help with these ASAP. Thanks. Bond Issue B (B) (A) Period Cash Interest Interest Paid Expense $610,000.0 x (E) X 6.5% X 6.0% X
Need help with these ASAP. Thanks.
Bond Issue B (B) (A) Period Cash Interest Interest Paid Expense $610,000.0 x (E) X 6.5% X 6.0% X 3/12 3/12 (C) Amort. (A) - (8) (E) Carrying Value $610,000 - (D) $ 587,701 588,101 (D) Unamortized Balance $22,299 21,899 Period Ending Apr. 1/18 Jul. 1/18 $ 9,150 $ 9,550 $ Apr. 1/26 Jul. 1/26 Oct. 1/26 Jan. 1/27 Apr. 1/27 Jul. 1/27 Oct. 1/27 Jan. 1/28 Apr. 1/28 Totals 9,150 9,150 9,150 9,150 9,150 9,150 9,150 9,150 9,150 $ 366,000 9,810 9,820 9,831 9,842 9,853 9,865 9,876 9,888 9,902 $ 388,299 400 : 660 670 681 692 703 715 726 738 752 5,677 5,007 4,326 3,634 2,931 2,216 1,490 752 604,323 604,993 605,674 606, 366 607,069 607,784 608,510 609,248 610,000 $22,299 *Adjusted for rounding f. Show how bond B would appear on the balance sheet under non-current liabilities at July 31, 2026. Answer is not complete. Balance Sheet (Partial) Non-current liablities Bonds payable. 6.5%, due April 1, 2028 $ 610,000 Less: Discount on bonds payable g. Calculate the bond B interest expense that would appear on the income statement for the year ended July 31, 2027 Total bond interest expense h. Independent of (a) through (g), assume that bond B issues was retired on December 1, 2027, at 97. Record the entries. View transaction list Journal entry worksheet Record the retired bonds. Note: Enter debits before credits. General Journal Debit Credit Date December 01, 2027 Record entry Clear entry View general journalStep by Step Solution
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