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Please do all three parts of the last section Face amount Stated rate Number of years Market rate $3,075,000 9% 10 10% Required: 1. Was
Please do all three parts of the last section
Face amount Stated rate Number of years Market rate $3,075,000 9% 10 10% Required: 1. Was the bond issued at a discount or a premium? O Discount O Premium 2. Complete the first four rows of the amortization schedule. (Round your answers to 2 decimal places.) Date Cash Paid Interest Expense Change in Carrying Carrying Value Value Jun 30, 2021 Dec 31, 2021 Jun 30, 2022 Dec 31, 2022 3. Prepare the journal entries to record the issuance of the bond and the first two interest payments. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the annual interest paid on the 9% note for the year ending on Jun. 30, 2021. Note: Enter debits before credits. Date General Journal Debit Credit Jun 30, 2021 Record entry Clear entry View general journal 3. Prepare the journal entries to record the issuance of the bond and the first two interest payments. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.) View transaction list Journal entry worksheet LLLLLLLLLLL 1 2 3 > Record the issuance of the 9% note for $3,075,000 on Jan. 01, 2021. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01, 2021 Record entry Clear entry View general journal 3. Prepare the journal entries to record the issuance of the bond and the first two interest payments. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the annual interest paid on the 9% note for the year ending on Dec. 30, 2021. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2021 Record entry Clear entry View general journalStep by Step Solution
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