Problem 10-12A On January 1, 2019, Pina Colada Corp. issued $2,080,000 face value, 12%, 10-year bonds at $1,967,134. This price resulted in an effective-interest rate of 13% on the bonds. Pina Colada uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest on January 1. Prepare the journal entry to record the issuance of the bonds on January 1, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2019 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare an amortization table through December 31, 2021 (three interest periods), for this bond issue. (Round answers to O decimal places, e.g. 15,250.) Pina Colada Corp. Bond Discount Amortization Effective-Interest Method-Annual Interest Payments Annual Interest Periods Interest to Be Paid Interest Expense Discount Amortization Unamortized Discount Bond Carrying Value Issue date 1 $ $ $ 2 3 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entry to record the accrual of interest and the amortization of the discount on December 31, 2019. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2019 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entry to record the payment of interest on January 1, 2020. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2020 SHOW LIST OF ACCOUNTS LINK TO TEXT SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entry to record the accrual of interest and the amortization of the discount on December 31, 2020. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is partially correct. Try again. Marigold Company had the following two transactions related to its delivery truck. 1. Paid $60 for an oil change. 2. Paid $900 to install a special gear unit, which increases the operating efficiency of the truck. Prepare Marigold's journal entries to record these two transactions. (Credit account titles are automatically i indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the an Debit Credit No Account Titles and Explanation 1. TMaintenance and Repairs Expense 601 Cash 60 2. Other Operating Expenses 900 Cash 900 Click if you would like to Show Work for this question: Open Show Work Swifty Corporation purchased a delivery truck for $28,000 on January 2019. The truck has an expected salvage value of $2,000, and is expected t driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 14,500 in 2019 and 11,000 in 2020. (al) x Your answer is incorrect. Try again. Calculate depreciable cost per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciable cost 1.79 per mile Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT