please see attachment Problem 10 9A Wempe Co sold $3,395,000,8 ,10 year bonds on January 1, 2014 The bonds were dated January 1, 2014, and pay interest on January 1 The company uses straight line amortization on bond premiums and discounts Financial statements are prepared annually Prepare the journal entries to record the issuance of the bonds assuming they sold at (1)101and (2)95 (Credit account titles are automatically indented when amount is entered Do not indent manually ) No Date Account Titles and Explanation Debit Credit 1 1 1 14 2 1 1 14 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare amortization tables for issuance of the bonds sold at101for the first three interest payments Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Unamortized Premium Bond Carrying Value Issue date $ $ $ $ $ 1 2 3 Prepare amortization tables for issuance of the bonds sold at95for the first three interest payments Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Unamortized Premium Bond Carrying Value Issue date $ $ $ $ $ 1 2 3 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entries to record interest expense for 2014 under both of the bond issuances assuming they sold at (1)101and (2)95 (Credit account titles are automatically indented when amount is entered Do not indent manually ) No Date Account Titles and Explanation Debit Credit 1 12 31 14 2 12 31 14 SHOW LIST OF ACCOUNTS Show the long term liabilities balance sheet presentation for issuance of the bonds sold at101at December 31, 2014 WEMPE Co Balance Sheet (Partial) December 31, 2014 Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong term InvestmentsLong term LiabilitiesProperty, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long term InvestmentsTotal Long term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity $ LessAdd $ Show the long term liabilities balance sheet presentation for issuance of the bonds sold at95at December 31, 2014 WEMPE Co Balance Sheet (Partial) December 31, 2014 Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong term InvestmentsLong term LiabilitiesProperty, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long term InvestmentsTotal Long term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity $ LessAdd $ SHOW LIST OF ACCOUNTS 3 22 2016 Problem 10 9A Problem 10 9A Wempe Co sold $3,395,000, 8 , 10 year bonds on January 1, 2014 The bonds were dated January 1, 2014, and pay interest on January 1 The company uses straight line amortization on bond premiums and discounts Financial statements are prepared annually Prepare the journal entries to record the issuance of the bonds assuming they sold at (1) 101 and (2) 95 (Credit account titles are autom atically indented when am ount is entered Do not indent m anually ) No Date 1 Debit Credit 1 1 14 2 Account Titles and Explanation 1 1 14 SHOW LIST OF A CCOUNTS LINK TO TEXT Prepare amortization tables for issuance of the bonds sold at 101 for the first three interest payments Annual Interest Periods Interest to Be Paid Issue date Interest Expense to Be Recorded $ Premium Amortization $ Unamortized Premium $ Bond Carrying Value $ $ 1 2 3 Prepare amortization tables for issuance of the bonds sold at 95 for the first three interest payments http edugen wiley com edugen student main uni 1 3 3 22 2016 Problem 10 9A Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded $ Issue date Premium Amortization $ Unamortized Premium $ Bond Carrying Value $ $ 1 2 3 SHOW LIST OF A CCOUNTS LINK TO TEXT Prepare the journal entries to record interest expense for 2014 under both of the bond issuances assuming they sold at (1) 101 and (2) 95 (Credit account titles are autom atically indented when am ount is entered Do not indent m anually ) No Date 1 Debit Credit 12 31 14 2 Account Titles and Explanation 12 31 14 SHOW LIST OF A CCOUNTS Show the long term liabilities balance sheet presentation for issuance of the bonds sold at 101 at December 31, 2014 WEMPE Co Balance Sheet (Partial) December 31, 2014 http edugen wiley com edugen student main uni 2 3 3 22 2016 Problem 10 9A $ $ Show the long term liabilities balance sheet presentation for issuance of the bonds sold at 95 at December 31, 2014 WEMPE Co Balance Sheet (Partial) December 31, 2014 $ $ SHOW LIST OF A CCOUNTS LINK TO TEXT LINK TO TEXT Question Attempts 0 of 3 used SA VE FOR LA TER SUBMIT A NSWER C opyright 2000 2016 by John Wiley Sons, Inc or related companies All rights reserved http edugen wiley com edugen student main uni 3 3

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please see attachment Problem 10-9A Wempe Co. sold $3,395,000,8%,10-year bonds on January 1, 2014. The bonds were dated January 1, 2014, and pay interest on

please see attachment

Problem 10-9A Wempe Co. sold $3,395,000,8%,10-year bonds on January 1, 2014. The bonds were dated January 1, 2014, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually.

Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1)101and (2)95.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.	Date	Account Titles and Explanation	Debit	Credit
1.	1/1/14


2.	1/1/14

SHOW LIST OF ACCOUNTS

LINK TO TEXT

Prepare amortization tables for issuance of the bonds sold at101for the first three interest payments.

Annual Interest Periods	Interest to Be Paid	Interest Expense to Be Recorded	Premium Amortization	Unamortized Premium	Bond Carrying Value
Issue date	$	$	$	$	$
1
2
3

Prepare amortization tables for issuance of the bonds sold at95for the first three interest payments.

Annual Interest Periods	Interest to Be Paid	Interest Expense to Be Recorded	Premium Amortization	Unamortized Premium	Bond Carrying Value
Issue date	$	$	$	$	$
1
2
3

SHOW LIST OF ACCOUNTS

LINK TO TEXT

Prepare the journal entries to record interest expense for 2014 under both of the bond issuances assuming they sold at: (1)101and (2)95.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.	Date	Account Titles and Explanation	Debit	Credit
1.	12/31/14


2.	12/31/14

SHOW LIST OF ACCOUNTS

Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at101at December 31, 2014.

WEMPE Co. Balance Sheet (Partial) December 31, 2014
Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity
	$
LessAdd:		$

Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at95at December 31, 2014.

WEMPE Co. Balance Sheet (Partial) December 31, 2014
Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity
	$
LessAdd:		$

SHOW LIST OF ACCOUNTS

3/22/2016 Problem 10-9A Problem 10-9A Wempe Co. sold $3,395,000, 8%, 10-year bonds on January 1, 2014. The bonds were dated January 1, 2014, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 101 and (2) 95. (Credit account titles are autom atically indented when am ount is entered. Do not indent m anually.) No. Date 1. Debit Credit 1/1/14 2. Account Titles and Explanation 1/1/14 SHOW LIST OF A CCOUNTS LINK TO TEXT Prepare amortization tables for issuance of the bonds sold at 101 for the first three interest payments. Annual Interest Periods Interest to Be Paid Issue date Interest Expense to Be Recorded $ Premium Amortization $ Unamortized Premium $ Bond Carrying Value $ $ 1 2 3 Prepare amortization tables for issuance of the bonds sold at 95 for the first three interest payments. http://edugen.wiley.com/edugen/student/main.uni 1/3 3/22/2016 Problem 10-9A Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded $ Issue date Premium Amortization $ Unamortized Premium $ Bond Carrying Value $ $ 1 2 3 SHOW LIST OF A CCOUNTS LINK TO TEXT Prepare the journal entries to record interest expense for 2014 under both of the bond issuances assuming they sold at: (1) 101 and (2) 95. (Credit account titles are autom atically indented when am ount is entered. Do not indent m anually.) No. Date 1. Debit Credit 12/31/14 2. Account Titles and Explanation 12/31/14 SHOW LIST OF A CCOUNTS Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 101 at December 31, 2014. WEMPE Co. Balance Sheet (Partial) December 31, 2014 http://edugen.wiley.com/edugen/student/main.uni 2/3 3/22/2016 Problem 10-9A $ : $ Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 95 at December 31, 2014. WEMPE Co. Balance Sheet (Partial) December 31, 2014 $ : $ SHOW LIST OF A CCOUNTS LINK TO TEXT LINK TO TEXT Question Attempts: 0 of 3 used SA VE FOR LA TER SUBMIT A NSWER C opyright 2000-2016 by John Wiley & Sons, Inc. or related companies. All rights reserved. http://edugen.wiley.com/edugen/student/main.uni 3/3