Outlandish

Company issued a

$100,000,

4%,

10-year

bond payable at

95

on January 1,

2018.

Interest is paid semiannually on January 1 and July 1.Read the requirements

LOADING...

. Requirement 1. Journalize the issuance of the bond payable on January 1,

2018.

(Record debits first, then credits. Select explanations on the last line of the journal entry.)

Date			Accounts and Explanation	Debit	Credit
2018
Jan. 1

Requirement 2. Journalize the payment of semiannual interest and amortization of the bond discount or premium on July 1,

2018.

(Assume bonds payable are amortized using the straight-line amortization method. Record debits first, then credits. Select explanations on the last line of the journal entry. Round your answers to the nearest whole dollar.)

Date			Accounts and Explanation	Debit	Credit
2018
Jul. 1

Choose from any list or enter any number in the input fields and then continue to the next question.

.	Journalize the issuance of the bond payable on January 1, 2018.
2.	Journalize the payment of semiannual interest and amortization of the bond discount or premium on July 1, 2018.