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Required information A company issued 6% bonds, dated January 1, with a face amount of $380,000 on January 1, 2021. The bonds mature in 4

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Required information A company issued 6% bonds, dated January 1, with a face amount of $380,000 on January 1, 2021. The bonds mature in 4 years. The market rate of interest for similar bonds was 7%. Interest is paid semiannually on June 30 and December 31. The company uses the straight-line interest method. The bonds issued for a price of $366,939. Use the information above to answer the questions below. ovide the journal entry for interest paid on June 30, 2021. View transaction list Journal entry worksheet 1 Record interest paid Note: Enter debits before credits Account Title Debit S.No/Date June 30, 2021 Credit Required information A company issued 6% bonds, dated January 1, with a face amount of $380,000 on January 1, 2021. The bonds mature in 4 years. The market rate of interest for similar bonds was 7%. Interest is paid semiannually on June 30 and December 31. The company uses the straight-line interest method. The bonds issued for a price of $366,939. Use the information above to answer the questions below. What is carrying value of the bonds as of June 30, 2021 (i.e. after the first interest payment)? Carrying value as of June 30, 2021 (after 1st interest payment): Required information A company issued 6% bonds, dated January 1, with a face amount of $380,000 on January 1, 2021. The bonds mature in 4 years. The market rate of interest for similar bonds was 7%. Interest is paid semiannually on June 30 and December 31. The company uses the straight-line Interest method. The bonds issued for a price of $366,939, Use the information above to answer the questions below. What is the balance in the bond premium or discount account as of December 31, 2021 (.e. after the second Interest payment)? Balance in Premium or Discount account as of Dec 31, 2021 (after 2nd interest payment)

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