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please answer all parts thanks! More info Requirements 1. Journalize the transactions of Laroche Communications, Inc. 2. At December 31,2018 , after all year-end adjustments
please answer all parts thanks!
More info Requirements 1. Journalize the transactions of Laroche Communications, Inc. 2. At December 31,2018 , after all year-end adjustments have been made, determine the carrying amount of Laroche's bonds payable, net. 3. For the six months ended July 1, 2018, determine the following for Laroche: a. Interest expense b. Cash interest paid What causes interest expense on the bonds to exceed cash interest paid? Review the following transactions of Laroche Communications, Inc: (Click the icon to view the transactions) Read the Requirement 1. Journalize the transactions of Laroche Communications Inc. (Record debits first, then credits Exclude explanations from any journal entries.) January 1, 2018: Issued $6,000,000 of 5%,10-year bonds payable at 94 Interest payment dates are July 1 and January 1 July 1, 2018. Paid semiannual interest and amortized bond discount by the straight-line method on the 5% bonds payable July 1, 2018. Paid semiannual interest and amortized bond discount by the straight-line method on the 5% bond payable. December 31, 2018: Accrued semiannual interest expense and amortized bond discount by the straight-line method on the 5% bonds payable January 1, 2019: Paid semiannual interest. January 1,2028. Paid the 5% bonds at maturity Requirement 2. At December 31, 2018, after all year-end adjustments have been made, determine the carrying amount of Laroche's bonds payable, net. At December 31, 2018, after all year-end adjustments, the carrying amount of the bonds payable is $ Requirement 3. For the six months ended July 1, 2018, determine the following for Laroche: a. Interest expense and b. Cash interest paid. What causes interest expense on the bonds to exceed cash interest paid? For the six months ended July 1, 2018 determine the following a. Interest expense is $ b. Cash interest paid is $ What causes interest expense on the bonds to exceed cash interest paid Step by Step Solution
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