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On January 1st 2017, the ACME Company issued (sold) $1,000,000 10% 12 year semi-annual bonds when the market rate of interest was 8%. These bonds

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On January 1st 2017, the ACME Company issued (sold) $1,000,000 10% 12 year semi-annual bonds when the market rate of interest was 8%. These bonds pay interest semiannually on July 1 and January 1. pa rt a:make the journal entry ACME makes when it sold the bonds part b: make the journal entry ACME makes when it makes the first interest payment on 7/1/17 part c: make the journal entry ACME makes on December 31, 2017 connected with these bonds part d: fill in the table value carry value of debt interest exp new carry value of debt 0 payment 1/1/2017 7/1/2017 1/1/2018 7/1/2018 1/1/2019 On 1/1/2019 ACME retired the bonds at 101. Make the necessary journal entry for the retirement of the bonds. part e

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