Read the requirements.

How much cash did Latenight receive when it issued the bonds payable? Journalize this transaction.

When the bonds payable were issued, Latenight received

Journalize the issuance of the bonds payable. $($Record debits first, then credits. Exclude explanations fi:

Journal Entry

Requirements

How much must Latenight pay back at maturity? When is the maturity date?

How much cash did Latenight receive when it issued the bonds payable?

Journalize this transaction.

How much must Latenight pay back at maturity? When is the maturity date?

How much cash interest will Latenight pay each six months?

How much interest expense will Latenight report each six months? Use

the straight$-$line amortization method. Journalize the entries for the accrual of

interest and amortization of discount on December $31,2021,$ and the

payment of interest on January $1,2022.$

At maturity, Latenight must pay back

The maturity date is

How much cash interest will Latenight pay each six months?

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Every six months, Latenight will pay interest of

December $31,2021,$ and the payment of interest on January $1,2022.$

Every six months, Latenight will report interest expense of

Journal Entry