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Required Information (The following information applies to the questions duplayed below Jesse Consued $9 mition face amount of 14 8%, 15-year bonds on April 1,

Required Information (The following information applies to the questions duplayed below Jesse Consued $9 mition face amount of 14 8%, 15-year bonds on April 1, 2019 The bonds pay interest on an annual bas un March 31 each year b-1. independent of your answer to parte assume that the proceeds were $9,089,000 Use the horizontal model to show the effect of sung the bands vidicate the financial statement effect (Enter decreases with a minus sign to indicate a negative financial statement effect) Assets Bance Shed Stockuders (auty Exp Required Information [The following information applies to the questions displayed below) Jessie Co. issued $9 million face amount of 14.8%, 15-year bonds on April 1, 2019. The bonds pay interest on an annual basis on March 31 each year. b-2. Independent of your answer to part a, assume that the proceeds were $9,089,000 Record the journal entry to show the effect of Issuing the bonds (Enter your answer in whole dollar, not in millions. If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) View transaction list Journal entry worksheet < 1 Record the issuance of bond. Note: Enter debits before credits Event 1 General Journal Debit Credit Required Information [The following information applies to the questions displayed below] Jessie Co. issued $9 million face amount of 14.8%, 15-year bonds on April 1, 2019. The bonds pay interest on an annual basis on March 31 each year. c. Calculate the interest expense that Jessie Co. will show with respect to these bonds in its income statement for the fiscal year ended September 30, 2019, assuming that the premium of $89,000 is amortized on a straight-line basis. Accrued interest payable Premium amortization Interest expense for 6 months

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