P9-52A (similar to) Question Help Review the following transactions of Lamire Communications, Inc.: Click the icon to view the transactions.) Read the requirements Requirement 1. Joumalize the transactions of Lamire Communications Inc. (Record debits first, then credits. Exclude explanations from any journal entries.) January 1, 2018: Issued $5,000,000 of 9%, 10-year bonds payable at 94. Interest payment dates are July 1 and January 1, Journal Entry Accounts Debit Credit Date 2018 Jan 1 i More Info S froi 18 Jan Jul 1 Issued $5,000,000 of 9%, 10-year bonds payable at 94. Interest payment dates are July 1 and January 1. 1 Paid semiannual interest and amortized bond discount by the straight-line method on the 9% bonds payable. 31 Accrued semiannual interest expense and amortized the bond discount by the straight-line method on the 9% bonds payable. Dec 1 Paid semiannual interest. 2019 Jan 2028 Jan 1 Paid the 9% bonds at maturity. Print Done i Requirements 1. Journalize the transactions of Lamire Communications, Inc. 2. At December 31, 2018, after all year-end adjustments have been made, determine the carrying amount of Lamire's bonds payable, net. 3. For the six months ended July 1, 2018, determine the following for Lamire: a. Interest expense b. Cash interest paid What causes interest expense on the bonds to exceed cash interest paid? Print Done