note transactions Instructions Chart of Accounts Journal Final Questions Instructions with the semiannual interest payment Year 2 June 30 Sept. 30 Dec 31 Paid the semiannual interest on the bonds. The bond discount amortization of $236,972 is combined with the semiannual interest payment. Paid the annual payment on the note, which consisted of interest of $12,500 and principal of $36,754. Accrued $2,666 of interest on the installment note. The interest is payable on the date of the next installment note payment. Paid the semiannual interest on the bonds. The bond discount amortization of $236,972 is combined with the semiannual interest payment 31 Year 3 June 30 Recorded the redemption of the bonds, which were called at 98. The balance in the bond discount account is $8,530,979 after payment of interest and amortization of discount have been recorded je u LaktassignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Calculator Print Item Entries for bonds payable and installment note transactions Instructions Chart of Accounts Journal Final Questions Instructions Year 3 June 30 Recolded the redemption of the bonds, which were called at 98. The balance in the band discount account is $8,530,979 after payment of interest and amortization of discount have been recorded Record the redemption only. Paid the second annual payment on the note, which consisted of interest of $10,662 and principal of $38,592 Sept 30 Required: 1. Journalize the entries to record the foregoing transactions. Round al amounts to the nearest dollar Refer to the Chart of Accounts for exact wording of account titles. 2. Indicate the amount of the interest expense in (a) Year 1 and (b) Year 2 3. Determine the carrying amount of the bonds as of December 31, Year 2 note transactions Instructions Chart of Accounts Journal Final Questions Instructions with the semiannual interest payment Year 2 June 30 Sept. 30 Dec 31 Paid the semiannual interest on the bonds. The bond discount amortization of $236,972 is combined with the semiannual interest payment. Paid the annual payment on the note, which consisted of interest of $12,500 and principal of $36,754. Accrued $2,666 of interest on the installment note. The interest is payable on the date of the next installment note payment. Paid the semiannual interest on the bonds. The bond discount amortization of $236,972 is combined with the semiannual interest payment 31 Year 3 June 30 Recorded the redemption of the bonds, which were called at 98. The balance in the bond discount account is $8,530,979 after payment of interest and amortization of discount have been recorded je u LaktassignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Calculator Print Item Entries for bonds payable and installment note transactions Instructions Chart of Accounts Journal Final Questions Instructions Year 3 June 30 Recolded the redemption of the bonds, which were called at 98. The balance in the band discount account is $8,530,979 after payment of interest and amortization of discount have been recorded Record the redemption only. Paid the second annual payment on the note, which consisted of interest of $10,662 and principal of $38,592 Sept 30 Required: 1. Journalize the entries to record the foregoing transactions. Round al amounts to the nearest dollar Refer to the Chart of Accounts for exact wording of account titles. 2. Indicate the amount of the interest expense in (a) Year 1 and (b) Year 2 3. Determine the carrying amount of the bonds as of December 31, Year 2
