Required information Problem 14.10AB Effective Interest: Amortization of bond LO P6 The following information applies to the questions displayed below) Ike issues $200,000 of 9%, three-year bonds dated January 1 2019, that pay interest semiannually on June 30 and December 31. They are issued at $205.239. When the market rate is 8% Problem 14-10AB Part 1 Required: 1. Prepare the January 1 journal entry to record the bonds' Issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $200,000 on January 1, 2019 at an issue price of $205,239. Prev 1 2 3 4 of 4 Next > x Required information Problem 14.10AB Effective Interest: Amortization of bond LO P6 The following information applies to the questions displayed below) Ike issues $200,000 of 9%, three-year bonds dated January 1 2019, that pay interest semiannually on June 30 and December 31. They are issued at $205,239. When the market rate is 8%. Problem 14-10AB Part 3 3. Prepare an effective interest amortization table for the bonds' first two years. Semiannual Cash Interest Bond Interest Pald Expense Unamortized Premium Carrying Value Premium Amortization 5 901 5.2395 205,239 EU3 Period-End 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 o de 3 5 6 7 8 9 0 Required information Problem 14-10AB Effective Interest: Amortization of bond LO P6 The following information applies to the questions displayed below.) Ike issues $200,000 of 9%, three-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $205,239. When the market rate is 8% Problem 14-10AB Part 4 4. Prepare the journal entries to record the first two interest payments. Vlow transaction list Journal entry worksheet Record the first interest payment on June 30. Note: Enter debits before credits MacBook Pro ^ & * i 3 4 5 6 7 8 9 0 lelak