Question Completion Status: Li A Moving to another question will save this response. Question 1 Question 1 of 15 > >> (8 Grades) 8 points Save Answer On 1/1/2020, Blue Company issued 5-year, 9% bonds with a par value of $500,000. The company received $450,000 in cash. Interest is paid semiannually on 30 June and 31 December every year. Required: (1) Prepare the journal entry to record the bonds' issuance on 1/1/2020. (2) Prepare the journal entry to record the interest payment and the amortization of bond discount or premium on 30/6/2020. (3) Prepare the journal entry to record the repayment of bonds on 31/12/2024. CLEARLY INDICATE THE DEBITS & CREDITS Example: on 1 January 2020, XYZ Company pays $10,000 cash to purchase land Answer: 1/1/2020 Dr. Land 10,000 Cr. Cash 10,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI U S Paragraph Arial V 10pt TE T: % y a 3 lili a le MU ... P O WORDS POWERED BY TINY A Moving to another question will save this response. >> Question 2 4.5 points Save Answer (4.5 Grades) On January 1, 2021, the stockholders' equity section of Seef Inc. was as follows: Common stock ($10 par value) $400,000; paid-in (contributed) capital in excess of par value $200,000; and retained earnings $150,000. During the year, the following treasury stock transactions occurred. March 5: Purchased 6,000 shares for cash at $16 per share. April 25: Sold 4,000 treasury shares for cash at $18 per share. June 25: Sold 2,000 treasury shares for cash at $11 per share Required: Prepare journal entries to record the above treasury stock transactions. CLEARLY INDICATE THE DEBITS & CREDITS Example: XYZ Company pays $15,000 cash to purchase land Answer: Dr. Land 15,000 Cr. Cash 15,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI U S Paragraph Arial V V 10pt A V TK % O 5 ilil IMIT > >> Save Answer Question 13 3 points (3 Grades) On January 1, 2018, Manama Company has 8% 45,000 shares of $20 par value, Cumulative preferred stock and 120,000 shares of common stock authorized, issued and outstanding at $5 par value. The Company declared and paid cash dividends as follows:: Year Dividends 2018 $70,000 2019 $90,000 2020 $130,000 Required: In the below table, determine the amount of cash dividends distributed to each class of shares over the three years. Please: Present each year in a separate line. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI U S Paragraph Arial V 10pt > !!! v