On April 1, 2018, Western Communications, Inc., Issued 12% bonds, doted March 1, 2018, with face amount of $48 million. The bonds sold for $47.3 million and mature on February 28, 2021. Interest is paid semiannually on August 31 and February 28. Stillworth Corporation acquired $48,000 of the bonds as a long-term investment. The fiscal years of both firms end December 31, and both firms use the straight-line method. Required: 1. Prepare the journal entries to record (a) issuance of the bonds by Western and (b) Stillworth's Investment on April 1, 2018. 2. Prepare the journal entries by both firms to record all subsequent events related to the bonds through maturity Reg 1 Reg 2 Western Reg 2 Stillworth Prepare the journal entries for Western Communications, Inc., to record all subsequent events no entry is required for a transaction/event, select "No journal entry required" in the first accou dollars.) View transaction list Journal entry worksheet Prepare the journal entries for Western Communications, Inc., to record all subsequent events relate no entry is required for a transaction/event, select "No journal entry required" in the first account fie dollars.) View transaction list Journal entry worksheet Record interest expense for Western Communications. Note: Enter debits before credits. Date General Journal Debit Credit August 31, 2019 Record entry Clear entry View general journal Ellucian Degree Work: x Mail - Cooper, Britton x Homepage - Tenness: * Using Kultur ducation.com/ext/map/index.html?_con=con&external_browser=0&launchurl=https%253A%252F%252Fim Blue Apr 25) Saved Req 1 Reg 2 Western Reg 2 Stillworth Prepare the journal entries for Western Communications, Inc., to record all subsequent events related no entry is required for a transaction/event, select "No journal entry required" in the first account field dollars.) View transaction list Journal entry worksheet 2 3 4 6 7 8 9 10 Record interest expense for Western Communications. Note: Enter debits before credits. General Journal Debit Credit Date December 31 2019 Record entry Clear entry View general journal cation.com/ext/map/index.html?_con-con&external_browser=0&launchUrl=https%253A%252F%2521 Apr 25) 6 Saved Reg 1 Reg 2 Western Reg 2 Stillworth Prepare the journal entries for Western Communications, Inc., to record all subsequent events relate no entry is required for a transaction/event, select "No journal entry required" in the first account fie dollars.) View transaction list Journal entry worksheet Reg 1 Reg 2 Western Reg 2 Stillworth Prepare the journal entries for Western Communications, Inc., to record all subsequent events related to no entry is required for a transaction/event, select "No journal entry required" in the first account field. Er dollars.) View transaction list Journal entry worksheet Record interest expense for Western Communications. Note: Enter debits before credits General Journal Date February 28, 2021 Debit Credit Record entry Clear entry View general Journal Reg 1 Reg 2 Western Reg 2 Stillworth Prepare the journal entries for Western Communications, Inc., to record all subsequent events related to the bon no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter you dollars.) View transaction list Journal entry worksheet
