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On December 31, 2018, when the market interest rate is 10%, kennedy realty issues $550,000 of 7.25%, 10 year bonds payable. The bonds pay interest

On December 31, 2018, when the market interest rate is 10%, kennedy realty issues $550,000 of 7.25%, 10 year bonds payable. The bonds pay interest semiannually. The present value of the bonds are issuance is $455,811.
Requirements:
1. prepare an amortization table using the effective interest amortization method for the first two semi annual interest periods. (round to the nearest dollar.)
2. Using the amortization table prepared in requirement one, journalize issuance of the bonds in the first two interest payments.
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On December 31, 2018, when the market interest rate is 10%, Kennedy Realty issues $550,000 of 7.25%, 10-year bonds payable. The bonds Requirements 1. Prepare an amortization table using the effective interest amortization method for the first two semiannual interest periods. (Round to the 2. Using the amortization table prepared in Requirement 1, journalize issuance of the bonds and the first two interest payments. Cash Paid Expense Amortized Amount 12/31/2018 06/30/2019 12/31/2019 Requirement 2. Using the amortization table prepared in Requirement 1, journalize issuance of the bonds and the first two interest payments entry. Round your answers to the nearest whole dollar.) Start by journalizing the issuance of the bonds on December 31, 2018. Accounts and Explanation Debit Credit Date 2018 Dec. 31 Journalize the payment of the first semiannual interest amount and amortization of the bond on June 30, 2019. Date Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Journalize the payment of the first semiannual interest amount and amortization of the bond on June 30, 2019. Date Accounts and Explanation Debit Credit 2019 Jun. 30 Jo alize the payment of the second semiannual interest amount and amortization of the bond on December 31, 2019. Date Accounts and Explanation Debit Credit 2019 Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next

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