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Please answer 1 0 - 2 B I have already completed 1 0 - 1 B Problem 10-1B Straight-Line: Amortization of bond discount Romero issues
Please answer B I have already completed B
Problem 10-1B Straight-Line: Amortization of bond discount Romero issues $3,400 ,ooo of 10%, 10-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31. Ille bonds are issued at a price of $3,010,000. Required 1. Prepare the January 1 journal entry to record the bonds' issuance. 2. For each semiannual period, compute (a) the cash payment, (b) the straight-line discount amortization, and (c) the bond interest expense. 3. Determine the total bond interest expense to be recognized over the bonds' life. 4. Prepare the first tno years of a straight-line amortization table like Exhibit 10.7. 5. Prepare the journal entries to record the first two interest payments. Check (3) (4) 6/20/2021 carrying value, Problem 10-2B Straight-Line: Amortization of bond premium Refer to the bond details in problem 10-1B, except assume that the bonds are issued at a price Of Required 1. Prepare the January 1 journal entry to record the bonds' issuance. 2. For each semiannual period, compute (a) the cash payment, (b) the straight-line premium amortization, and (c) the bond interest expense. 3. Determine the total bond interest expense to be recognized over the bonds' life. 4. Prepare the first two years of a straight-line amortization table like Exhibit 10.11. 5. Prepare the journal entries to record the first two interest payments. Check (3) (4) 6/30/2021 carrying value. S4.073.991 page 404
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