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On Jan 2, 2016 LOLA Co, issued a $50,000 face value, interest 10%, 5-year bond at 98%. The bonds have semiannual interest and the company

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On Jan 2, 2016 LOLA Co, issued a $50,000 face value, interest 10%, 5-year bond at 98%. The bonds have semiannual interest and the company uses the straight-line method of discount amortization - Fill in the amortization table using the straight like method: Period Interest Expense to be Interest expense to be Discount paid recorded Amortized Jan 2 Carrying Value of the bond ???? 1 2 3 4 5 6 Tents 7 8 9 10 b- Journalize the payment of semiannual interest and amortization of the bond discount on June 30, 2016. c- Journalize the redemption of the bond a the end of year 3. 8 9 10 b- Journalize the payment of semiannual interest and amortization of the bond discount on June 30, 2016. I C- Journalize the redemption of the bond @ the end of year 3. d- Prepare Balance Sheet Presentation @ end of year 3. LOLA-Company Partial Balance Sheet December 31. year 3 Liabilities

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