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Prepare the journal entries to record the issuance of the bonds on Janusry 1, 2018. b Dote br Retiring Bonds Payable before maturity 25.* 350,000

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Prepare the journal entries to record the issuance of the bonds on Janusry 1, 2018. b Dote br Retiring Bonds Payable before maturity 25.* 350,000 On January 1, 2018 Danny Company issued $350,000 of 10%, five-year Danny has extra cash and wishes to retire the bonds payable on January after making the second semi-annual interest payment. Interest December 31. Danny uses the straight line method to amortize the discount or premium. To retire the bonds, Danny Company pays the market price of 98. 2 payable at 102 c Calculate the interest payments and premium amortization for the semi-annubl interest payments are June 30 and a Calculate the issue price of the bonds in dolilars 3IK 301 054 2914 Prepare the journal entries to record the interest payments and premium amortization for the first year d Trier b Prepare the journal entries to record the issuance of the bonds on January 1, 2018. b/ pate Arcoun Cash Dobe 32%239 500, 2. namerd Di 14,92 c Calculate the interest payments and premium amortization for the semi-annual interest Urner tred Distoum Cash payments 14,924 3 001 t is Danny Company's carrying amount of the bonds payable on the retirement date? r How much cash must Danny Company pay to retire the bonds payab 350,000) (.98) 343, 000 g Compute Danny Company's gain or loss on the retirement of the bonds payable 431000 Less 522 41522 Prepare the journal entry to record the retirement of the bonds payable. cr. h atc 11 I 1201 Dr 2981177 ccount bonds Payabr 343,00

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