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Required information [The following information applies to the questions displayed below.) Legacy issues $710,000 of 8.0%, four-year bonds dated January 1. 2019, that pay interest
Required information [The following information applies to the questions displayed below.) Legacy issues $710,000 of 8.0%, four-year bonds dated January 1. 2019, that pay interest semiannually on June 30 and December 31. They are issued at $621,812 when the market rate is 12%. 3. Prepare a straight-line amortization table for the bonds' first two years. Semiannual Period- Unamortized End Discount 01/01/2019 $ 88,188 06/30/2019 79,279 12/31/2019 69,836 06/30/2020 59,826 12/31/2020 49,216 Carrying Value $ 621,812 630,721 640,164 650,174 660,784 -VINUICEU Record the interest payment and amortization on June 30. Vote: Enter debits before credits. Date Credit General Journal Bond interest expense Discount on bonds payable Debit 37,309/ June 30 8,909 Cash 28,400 Record entry Clear entry View general journa Record the interest payment and amortization on December 31. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general jou
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