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Required information Problem 9-6A Prepare a bond amortization schedule and record transactions for the bond issuer (LO9-5) [The following information applies to the questions displayed
Required information Problem 9-6A Prepare a bond amortization schedule and record transactions for the bond issuer (LO9-5) [The following information applies to the questions displayed below. On January 1, 2021, Universe of Fun issues $890,000, 9% bonds that mature in 20 years. The market interest rate for bonds of similar risk and maturity is 10%, and the bonds issue for $813,642. Interest is paid semiannually on June 30 and December 31. Problem 9-6A Part 1 Required: 1. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 813,624 1/1/2021 6/30/2021 12/31/2021 Journal entry worksheet Record the bond issue. Note: Enter debits before credits. Date Debit Credit January 01, 2021 General Journal Cash Discount on Bonds Payable Bonds Payable Journal entry worksheet Record the first semiannual interest payment. Note: Enter debits before credits. Debit Credit Date June 30, 2021 General Journal Interest Expense Discount on Bonds Payable Cash Journal entry worksheet Record the second semiannual interest payment. Note: Enter debits before credits. Debit Credit Date General Journal C D December 31, 2021 Interest Expense Discount on Bonds Payable Cash 2235333333333 IT ST ETTI
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