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please help me with part C to fill in the balance sheet Ayayai Corporation sold $3,200,000,8%,5-year bonds on January 1, 2025. The bonds were dated
please help me with part C to fill in the balance sheet
Ayayai Corporation sold $3,200,000,8%,5-year bonds on January 1, 2025. The bonds were dated January 1, 2025, and pay interest on January 1. Ayayai Corporation uses the straight-line method to amortize bond premism or discount. (a) Youranswer is correct. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2025 , assuming that the bonds sold at 107. (Uist all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manuathy, if no entry is required, sefect "No Entry' for the account tities and enfer Ofor the amounts) Deci31 Interest Expense 211200 Premivm on Boods Payable 44800 Interest Payble 256000 eTextbook and Media Assistance Used List of Accounts Attempts: 1 of 3 used Prepare journal entries to record the is suance of the bonds and bond interest expense for 2025, assuming that the bonds sold at 99 . A ist all detet entries hefore credit entries. Condit account tieles are autometically indented when amount la entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tides and enter 0 for the amounts] (1) Show the balance sheet presentation for the bond issue at December 31,2025 , using the 107 selling price. 12) Show the batanceshect presentation for the bend iswe at December 31,2025 , usins the 99 selling orice. (2) Show the balance sheet presentation for the bond issue at December 31,2025 , using the 99 selling price Step by Step Solution
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