Preparing a viscount Amortization scneauie (Straignt-Line Amortization Lo -Si tThe following information applies to the questions displayed below] On January 1, when the market interest rate was 8 percent, Seton Corporation completed a $160,000, 6 percent bond Issue for $138,529. The bonds pay interest each December 31 and mature in 10 years. Seton amortizes the bond discount using the straight -ine method Pert 1 of 2 E-n14 Part 1 and 2 points Required 1. & 2. Prepare the required journal entries to record the bond issuance and the first interest payment on December 31 (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest whole dollar.) eBook Priet View transaction list References Journal entry worksheet Record the issuance of bonds for $138,529 with a face value of $160,000. Note:Enter debits before credts January 01 Chapter 10-Homework Preporing a viscount Amortizetion seneauie (straignt-Line AmortizoionILo -SI The following information applies to the questions displayed below) On January 1, when the market interest rate was 8 percent, Seton Corporation completed a $160,000, 6 percent bond issue for $138,529. The bonds pay interest each December 31 and mature in 10 years. Seton amortizes the bond discount using the straight-ine method Pert 1 of2 E10-14 Part 1 and 2 ponts Required 1. & 2. Prepare the required journal entries to record the bond issuance and the first interest payment on December 31 (If no entry is required for a trensaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest whole dollar ellook iew transaction int References Journal entry worksheet Record the interest payment on December 31 Note: Enter dehits before credits Seved r 10-Homework Required information E10-14 (Supplement 10A) Recording the Effects of a Discount Bond Issue and First Interest Payment ond Preparing a Discount Amortization Schedule (Straight-Line Amortization) [LO 10-S1) The following information applies to the questions displayed below January 1, when the market interest rate was 8 percent. Seton Corporation completed a $160,000, 6 percent bond issue for $138,529 The bonds pay interest each December 31 and mature in 10 years. Seton amortizes the bond discount of 2 using the straight-ine method E10-14 Part 3 .Prepare a bond discount omortizetion scheduste f for these bonds. (Do not round intermediate calculations, Round your answers to Bock the nearest dollar.) Print Changes During the Period Period Cash Paid Amortized Discount o Carrying Bonds Payable Interest Bonds Payable eferencer Start Yr 1 End YI 2 End Yr 3 End YI 4 End Yr 5 End Yr6 End Y 7 End Yr 8 End Yr 9 Envd Yr 10 Fnt
