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Question 4 On May 1, 2018 Lila Co. sells $900,000 ,10 years, 12% bonds dated January 1, 2018 at 112.0482 plus accrued interest to yield

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Question 4 On May 1, 2018 Lila Co. sells $900,000 ,10 years, 12% bonds dated January 1, 2018 at 112.0482 plus accrued interest to yield 10%. The bonds pay interest annually on December 31. a) Complete the following table: Date Cash Paid Interest Expense Premium Amortization Carrying amount of bonds May 1 2018 December 31 2018 December 31 2019 b) Journalize the required entries on the following dates May 1, 2018 December 31, 2018

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