please help me with this accounting homework. how do i find and work this problem. thank you
Requirement 2. Prepare the liabilities section of the balance sheet for Jackson Pharmacies on March 1 , 2019 after all the journal entries are recorded . First, prepare an amortization schedule for the Southside Bank mortgage to March 1 , 2020. Prepare the schedule for the first three payments , then the remaining months one at a time . I Round your answers to the nearest whole* dollar .] Review the related journal entries you prepared in Requirement ! . Beginning Principal Intel Journal Entries lal Ending Balance Payment EXPENSE Payment Balance1 . If the market interest rate is 5% when FLU issues its bands , will the bonds be priced at face value , at a premium , or at a discount ?" Explain . 2 . If the market interest rate is 8% when FOU issues it's bands , will the bands be priced at face* value , at a premium , or at a discount ? Explain . 3 . The issue price of the bonds is $7 . Journalize the following band transactions :" Issuance of the bonds on January 1, 2018. 6. Payment of interest and amortization on June 30, 2018 Payment of interest and amortization on December 31 , 2018. d. Retirement of the band at maturity on December 3 1 , 2037, assuming the last interest payment has already been recorded .Requirement 1 . If the market interest rate is 5%' when FLU issues its bonds , will the bonds be priced at face value , at a premium , or at a discount ? Explain . The 7% bonds issued when the market interest rate is 5 % will be priced at They are in this market , so investors will pay to acquire them . Requirement 2 . If the market interest rate is $%' when FELL issues its bonds , will the bonds be priced at face value , at a premium , or at a discount ? Explain . The 7% bonds issued when the market interest rate is $% will be priced at They are in this market , so investors will pay to acquire them .Requirement S . The issue price of the bonds is 97. Journalize the bond transactions . | Assume bonds payable are amortized using the straight- line amortization method . Record debits first , then credits . Select explanations on the last line of the journal entry . Round your answers to the nearest whole dollar ! a Journalize the issuance of the bonds on January 1 , 2018 Date Accounts and Explanation Debit Credit 20 18 Jan . "6 . Journalize the payment of interest and amortization on June 30, 2018 . Date Accounts and Explanation Debit Credit 2018 Jun . 30c. Journalize the payment of interest and amortization on December 31, 2018 . Date Accounts and Explanation Debit Credit 20 18 Dec. 31J. Retirement of the band at maturity on December 31 , 2037, assuming the last interest payment has already bee recorded . Date Accounts and Explanation Debit Credit 20:37 Dec. 31
