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please help me answering all of these questions. thank you so much On January 1, 2020, Indigo Company sold 12% bonds having a maturity value
please help me answering all of these questions. thank you so much On January 1, 2020, Indigo Company sold 12% bonds having a maturity value of $650,000 for $753,808, which provides the bondholders with a 8% yield. The bonds are dated January 1, 2020, and mature January 1, 2025, with interest payable Decembe of each year. Indigo Company allocates interest and unamortized discount or premium on the effective-interest basis. Prepare the journal entry at the date of the bond issuance. (Round answer to decimal places, eg. 38,548. If no entry is required select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit January 1,2020 Prepare a schedule of interest expense and bond amortization for 2020-2022. (Round answer to decimal places, e.g. 38,548.) Schedule of Interest Expense and Bond Premium Amortization Effective Interest Method Interest Premium Expense Amortized Cash Paid Amour Date 1/1/20 12/31/20 12/31/21 12/31/22 Prepare a schedule of interest expense and bond amortization for 2020-2022. (Round answer to decimal places, e.g. 38,548.) Schedule of Interest Expense and Bond Premium Amortization Effective-Interest Method Interest Premium Expense Amortized Cash Paid Carrying Amount of Bonds $ eTextbook and Media List of Accounts Prepare the journal entry to record the interest payment and the amortization for 2020. (Round answer to decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit December 31, 2020 I Prepare the journal entry to record the interest payment and the amortization for 2022. (Round answer to O decimal places, eg. 38,548. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date December 31, 2022
please help me answering all of these questions. thank you so much
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