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Pina Corporation sold $2,650,000,9%, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022 and pay interest on January 1, Pina Corporation

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Pina Corporation sold $2,650,000,9%, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022 and pay interest on January 1, Pina Corporation uses the straight-line method to amortize bond premium or discount. Your answer is partially correct. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 106. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan 1 Cash 2809000 Bonds Payable 2650000 Premium on Bonds Payable 159000 Dec 31 Gain on Bond Redemption 206700 Premium on Bonds Payable 31800 Prepare journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 97. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Jan. 1 Dec 31 (1) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 106 selling price. PINA CORPORATION Balance Sheet (Partial) $ (2) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 97 selling price, PINA CORPORATION Balance Sheet (Partiall 0.94/3 E Question 2 of 5 (21 Show the balance sheet presentation for the bond issue at December 31, 2022, using the 97 selling price. PINA CORPORATION Balance Sheet (Partial)

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