Problem 10-SA (Part Level Submission) Talkington Electronics issues a $365,3 0, 6% 10 year mortgage note on December 31, 2014. The proceeds from the note are to be used in financ ng a new research laboratory. The terms of the note provide for semiannual installment payments, exclusive of real estate taxes and insurance, of $24,554. Payments are due June 30 and December 31 Your answer is correct Prepare an installment payrments schedule for the first 2 years. (Round answers to O decimal places, e.g. 15,250.) 24,554 24,554 24,554 24,554 13595 14003 14423 14856 351 LIST OF ACCOUNTS SHOW LINK TO TEXT Attempts: 2 of 5 used (b) Prepare the entries for (1) the loan and 2) the nrst two installment payments. (credit account titles are automatically indented when amount is entered. Do not indent manually.) Dec. 31, 2014 Cash Mortgage Payabie 65300 une 30, 2015 Dec. 31, 2015 Problem 10-6A (Part Level Submission) on July 1, 2015, Flanagin Corporation issued $1,838,300. 129. 10-year bonds at S2,067, 394. This price resulted in an effective-interest rate of 10% on the bonds. Flanagin uses the effective-interest method to amortize bond premium or scount. The bones pay semannua interest July 1 and 3anuary 1 r answer is correct. Prepare the journal entry to recond the issuance of the bonds on July i, 2015. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) July 1, 2015 2,067,394 Bonds Payable Premium on Bonds LST OF ACCOUNTS SHOW LINK TO TEXT Attempts: 2 of S used Prepare an amortizacion table through December 31, 2016 (3 interest periocs), for this bond issue. (Round answers to O deeimal places, e.g. 15,250.) Effective-Interest Problem 10-7A (Part Level Submission) n July 1, 2015, Kellerman pany ssued $3,892,700. 1096, io-yearoons at $3,446,192. This price resulted in an emective-interes, rate of 12% on the bonds. Kelemen uses the emective-merest method Prepare the journal entries to recoed the following transactions(Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automaticaWy indented when amount is entered. Do not indeet manually.) (1) The issuance of the bonds on ly i, 2015. (3) The payment of interest and the amortization of the discount on July 1, 2016, assuming no accrual of interest on June 30 The accrual of interest and the amortization of the discount on December 31, 2015 (4) The accrual of interest and the amortizmion of the discount on December 31, 2016 Ho. DateAccount Tites and Explanation (1) July 1, 2015 Cash Discount on Bonds Payable Bonds Payable Discount on Bonds Payable (2) Dec 31, 2015 Interest Expense nterest Payable (3) July 1, 2016 (4) Dec. 31, 2016