Part 1 reference, incase it's needed. 
Reg 1 Reg 2 Western Reg 2 Stillworth Prepare the journal entries to record (a) issuance of the bonds by Western and (b) Stillworth's investment on April 1, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list View journal entry worksheet Credit No 1 Date General Journal April 01, 2021 Cash Discount on bonds payable Bonds payable Debit 36,300,000 700,000 37,000,000 2 37,000 April 01, 2021 Investment in bonds Cash 37,000 WEEK 3 - Chapter 14 Homework (Part A) Saved m. On April 1, 2021, Western Communications, Inc., issued 12% bonds, dated March 1, 2021, with face amount of $37 million. The bonds sold for $36.3 million and mature on February 28, 2024. Interest is paid semiannually on August 31 and February 28. Stillworth Corporation acquired $37,000 of the bonds as a long-term investment. The fiscal years of both firms end December 31, and both firms use the straight-line method. 33.34 points Required: 1. Prepare the journal entries to record (a) issuance of the bonds by Western and (b) Stillworth's investment on April 1, 2021. 2. Prepare the journal entries by both firms to record all subsequent events related to the bonds through maturity. Skipped Complete this question by entering your answers in the tabs below. eBook Req 1 Reg 2 Western Reg 2 Stillworth Print Prepare the journal entries for Western Communications, Inc., to record all subsequent events related to the bonds through maturity. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) References View transaction list Journal entry worksheet Record interest expense for Western Communications. Note: Enter debits before credits. Date General Journal Debit Credit August 31, 2021 Journal entry worksheet Record interest expense for Western Communications. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit Journal entry worksheet 1 N 3 4 5 6 7 8 9 10 > Record interest expense for Western Communications. Note: Enter debits before credits. General Journal Debit Credit Date February 28, 2022 Journal entry worksheet Record interest expense for Western Communications. Note: Enter debits before credits. Date August 31, 2022 General Journal Debit Credit Journal entry worksheet Record interest expense for Western Communications. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2022 Journal entry worksheet Record interest expense for Western Communications. Note: Enter debits before credits. General Journal Debit Credit Date February 28, 2023 Journal entry worksheet
