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PLEASE ASNWER 1,2,3 Required information [The following information applies to the questions displayed below.] On January 1, when the market interest rate was 10 percent,

PLEASE ASNWER 1,2,3

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Required information [The following information applies to the questions displayed below.] On January 1, when the market interest rate was 10 percent, Seton Corporation completed a $170,000, 9 percent bond issue for $159,547. The bonds pay interest each December 31 and mature in 10 years. Assume Seton Corporation uses the effective-interest method to amortize the bond discount. Required: - & 2. Prepare the required journal entries to record the bond issuance and the first interest payment on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest whole dollar.) View transaction list Journal entry worksheet

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