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Problem 14-2B Hi I need help with the assignment attached but only part B thanks Prepare the journal entry to record the issuance of the
Problem 14-2B
Hi I need help with the assignment attached but only part B thanks
Prepare the journal entry to record the issuance of the bonds on January 1, 2016. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Date January 1, 2016 Debit Cash Credit 2266019 Premiumon Bond 126019 Bonds Payable 2140000 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT Attempts: 1 of 3 used (b) Prepare a bond amortization schedule up to and including January 1, 2020, using the effective interest method. (Round answers to 0 decimal places, e.g. 38,548.) Date Cash Paid Interest Expense $ 1/1/16 1/1/17 1/1/18 1/1/19 $ Premium Amortization $ Carrying Amount of Bonds $ 1/1/20Step by Step Solution
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