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need some help with this accounting problem. im being asked to review the transactions and answer the following requirements. Review the following transactions of Lamothe
need some help with this accounting problem. im being asked to review the transactions and answer the following requirements.
Review the following transactions of Lamothe Communications, Inc.: (Click the icon to view the transactions.) Read the requirements. January 1, 2031: Paid the 6% bonds at maturity. More info Read the requirements. Requirement 2. At December 31, 2021, after all year-end adjustments have been made, determine the carrying amount of Lamothe's bonds payable, net. At December 31, 2021, after all year-end adjustments, the carrying amount of the bonds payable is Requirement 3. For the six months ended July 1, 2021, determine the following for Lamothe: a. Interest expense and b. Cash interest paid. What causes interest expense on the bonds to exceed cash interest paid? For the six months ended July 1, 2021 determine the following: a. Interest expense is b. Cash interest paid is What causes interest expense on the bonds to exceed cash interest paid? Requirement 2. At December 31,2021 , after all year-end adjustments have been made, determine the carrying amount of Lamothe's bonds payable, net. At December 31,2021 , after all year-end adjustments, the carrying amount Step by Step Solution
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