Requirements Review the following transactions of Lamore Communications, Inc.: (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize the transactions of Lamore Communications Inc. (Record debits first, then credits. Exclude explanations from a January 1, 2018: Issued $9,000,000 of 6%, 10-year bonds payable at 94. Interest payment dates are July 1 and January 1. 1. Journalize the transactions of Lamore Communications, Inc. 2. At December 31, 2018, after all year-end adjustments have been made, determine the carrying amount of Lamore's bonds payable, net. 3. For the six months ended July 1, 2018, determine the following for Lamore: a. Interest expense b. Cash interest paid What causes interest expense on the bonds to exceed cash interest paid? Journal Entry Date Accounts Debit Credit 2018 Jan 1 Cash 8,460,000 Print Done 540,000 Discount on Bonds Payable Bonds Payable i More Info 9,000,000 July 1, 2018: Paid semiannual interest and amortized bond discount by the straight-line method on the 8% bonds payable. 2018 Jan 1 Date 2018 Credit Jul Journal Entry Accounts Interest Expense Discount on Bonds Payable Canh Debit 297000 Issued $9,000,000 of 6%, 10-year bonds payable at 94. Interest payment dates are July 1 and January 1. 1 Paid semiannual interest and amortized bond discount by the straight-line method on the 6% bonds payable. 31 Accrued semiannual interest expense and amortized the bond discount by the straight-line method on the 6% bonds payable. Jul 1 Dec 270001 771 Al Choose from any list or enter any number in the input fields and then continue to the next question. 1 Paid semiannual interest. 2019 Jan 2028 Jan 1 Paid the 6% bonds at maturity, July 1, 2018: Paid semiannual interest and amortized bond discount by the straight-line method on the 6% bonds payable. Journal Entry Date 2018 Accounts Debit Credit Jul 1 297000 Interest Expense Discount on Bonds Payable 27000 Cash 270,000 December 31, 2018: Accrued semiannual interest expense and amortized bond discount by the straight-line method on the 6% bonds payable. Journal Entry Date 2018 Accounts Debit Credit Dec 31 Interest Expense Choose from any list or enter any number in the input fields and then continue to the next question January 1, 2019: Paid semiannual interest. Journal Entry Date Accounts Debit Credit 2019 Jan 1 January 1, 2028: Paid the 6% bonds at maturity. Journal Entry Date Accounts Debit Credit 2028 Jan 1 Requirement 2. At December 31, 2018, after all year-end adjustments have been made, determine the carrying amount of Lamore's bonds payable, net. At December 31, 2018, after all year-end adjustments, the carrying amount of the bonds payable is $ Requirement 3. For the six months ended July 1, 2018, determine the following for Lamore: a. Interest expense and b. Cash interest paid. What causes interest expense on the bonds to exceed cash interest paid? For the six months ended July 1, 2018 determine the following: a. Interest expense is $ b. Cash interest paid is $ What causes interest expense on the bonds to exceed cash interest paid? Choose from any liat or enter any number in the innut fields and then continue to the neyt