On Sanuary 1, 2022, Lily Corporation issued $2,150,000 face value, 6%,10-year bonds at $1,998,993. This price resulted in an effective interest rate of 7% on the bonds. The bonds pay annual interest, each January 1 . Lily has a calendar year end. (a) Your answer is correct. Prepare the journal entry to record the issue of the bonds on January 1, 2022. (Ust oll debit entries before credit entries. Crivelit account titles are automatically indented when the amount is entered. Do not indent manuallyd Prephate an amestiration table through Decumker 31,2025 the ee interest periods) for this bond issue (Round onswern to the nenast whole dollar fis. 5,275) Your ansmeris correct. Prepare an amortization table through December 31,2025 (three interest periods) for this bond issue. (Round answers to the nearet whoie dolloses. 5,275J xtbook and Media of Accounts Attempts: 1 of 2 used Prepare the journal entry to record the accrual of interest and the amor tization of the discount on December 31,2022 . (Lst oll debit entries belore crodit entries. Credit occount titles are automoticolly indented when the amouat is entened. Do not indent manually. Round orswers to the nearest whole dollar, es, 5,275) eTextbook and Media List of Accounts Attempts: 0 of 2 used (d) Tut parts of this guestion must ber completed in order. This part will be avaliable when you complete the part abeve- On Sanuary 1, 2022, Lily Corporation issued $2,150,000 face value, 6%,10-year bonds at $1,998,993. This price resulted in an effective interest rate of 7% on the bonds. The bonds pay annual interest, each January 1 . Lily has a calendar year end. (a) Your answer is correct. Prepare the journal entry to record the issue of the bonds on January 1, 2022. (Ust oll debit entries before credit entries. Crivelit account titles are automatically indented when the amount is entered. Do not indent manuallyd Prephate an amestiration table through Decumker 31,2025 the ee interest periods) for this bond issue (Round onswern to the nenast whole dollar fis. 5,275) Your ansmeris correct. Prepare an amortization table through December 31,2025 (three interest periods) for this bond issue. (Round answers to the nearet whoie dolloses. 5,275J xtbook and Media of Accounts Attempts: 1 of 2 used Prepare the journal entry to record the accrual of interest and the amor tization of the discount on December 31,2022 . (Lst oll debit entries belore crodit entries. Credit occount titles are automoticolly indented when the amouat is entened. Do not indent manually. Round orswers to the nearest whole dollar, es, 5,275) eTextbook and Media List of Accounts Attempts: 0 of 2 used (d) Tut parts of this guestion must ber completed in order. This part will be avaliable when you complete the part abeve
