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On January 1, 2021, a company issues $700,000 of 10% bonds, due in ten years, with interest payable somiannualy on June 30 and December 31
On January 1, 2021, a company issues $700,000 of 10% bonds, due in ten years, with interest payable somiannualy on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 11% the bonds will issue at $658,173. Required: 1. Fill in the blanks in the amortization schedule below. Round your answers to the nearest dollar amount. Enter all amounts as positive values.) Cash Paid Change in Carrying Value Carrying Valu Date 01/01/2021 06/30/2021 12/31/2021 2. Record the bond issue on January 1, 2021, and the first two semi-annual Interest payments on June 30, 2021, and December 31 2021. (if no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Round your answers to the nearest dollar amount) Viewraction Journal entry worksheet K > Record the bond issue on January 1, 2021. General Journal Debit Credit Date January 2021 View Hey Chy
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