Review the following transactions of Letourneau Communications, Inc.: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the transactions of Letourneau Communications Inc. (Record debits first, then credits. Exclude explanations from any journal entries.) January 1, 2018: Issued $7,000,000 of 9%, 10-year bonds payable at 95. Interest payment dates are July 1 and January 1. Date 2018 Jan 1 Journal Entry Accounts Debit Credit July 1, 2018: Paid semiannual interest and amortized bond discount by the straight-line method on the 9% bonds payable. Date Jul 1 2018 Journal Entry Accounts Debit Credit December 31, 2018: Accrued semiannual interest expense and amortized bond discount by the straight-line method on the 9% bonds payable. Journal Entry Requirements 1. 2. Journalize the transactions of Letourneau Communications, Inc. At December 31, 2018, after all year-end adjustments have been made, determine the carrying amount of Letourneau's bonds payable, net. 3. For the six months ended July 1, 2018, determine the following for Letourneau: a. Interest expense b. Cash interest paid What causes interest expense on the bonds to exceed cash interest paid? Print Done Question Help