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please help !:) Reton to questio Required information Problem 9-4B Record bond issue and related interest (LO9-5) [The following information applies to the questions displayed
please help !:)
Reton to questio Required information Problem 9-4B Record bond issue and related interest (LO9-5) [The following information applies to the questions displayed below.] Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2021, the company issues $1,840,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Problem 9-4B Part 2 2. If the market interest rate is 8% , the bonds will issue at $1,714,969. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) 3 No 1 2 3 Answer is not complete. General Journal Date January 01, 2021 Cash Discount on Bonds Payable Bonds Payable June 30, 2021 Interest Expense Discount on Bonds Payable Cash December 31, 202 Interest Expense Discount on Bonds Payable Cash Debit 1,714,969 68,767 6,867 Credit 125,031 1,840,000 4,367 64,400 64,400 Required information Problem 9-4B Record bond issue and related interest (LO9-5) [The following information applies to the questions displayed below.] Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2021, the company issues $1,840,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Problem 9-4B Part 3 S 3. If the market interest rate is 6%, the bonds will issue at $1,976,873. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) View transaction list No 1 2 3 View journal entry worksheet Date January 01, 2021 Cash June 30, 2021 December 31, 2021 General Journal Premium on Bonds Payable Bonds Payable Interest Expense Premium on Bonds Payable Cash Interest Expense Premium on Bonds Payable Cash Debit Credit p **** Step by Step Solution
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