Shuttle Company issued $1,000,000, three-year, 10 percent bonds on January 1, 2017. The bond interest is paid each December 31, the end of the company's fiscal year. The bond was sold to yield 9 percent. Use Table 9C.1, Table 9C.2 (Round time value factor to 4 decimal places.) Required: 

1. Complete a bond payment schedule. Use the effective-interest method. (Make sure that the unamortized discount/premium equals to 'O' and the Net Liability equals to face value of the bond in the last period. Interest expense in the last period should be calculated as Cash Interest (+) discount (-) premium amortized. Round intermediate and final answers to the nearest whole dollar.) Bond Payment Schedule Cash Interest Amortization Payment Expense of Premium Date Carrying Amount 1/1/2017 12/31/2017 12/31/2018 12/31/2019 

2. What amounts will be reported on the financial statements (statement of financial position, statement of earnings, and statement of cash flows) for 2017, 2018, and 2019? (Round intermediate and final answers to the nearest whole dollar.) 2017 2018 2019 Interest expense Bonds payable Interest payment Issuance of bonds Payment of bonds Imai Company issued a $1.245 million bond that matures in five years. The bond has a 8 percent coupon rate. When the bond was issued, the market rate was 6 percent. The bond pays interest twice per year, on June 30 and December 31. Use Table 9C.1, Table 9C.

3. Required: Record the issuance of the bond on June 30. (Round time value factor to 4 decimal places. Enter your answers in dollars not in millions. Round intermediate and final answers to the nearest whole dollar. 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 Record the issuance of bond on June 30th. 

Note: Enter debits before credits. Date Debit Credit Jun 30 General Journal Cash . Bond payable Bond premium Record entry Clear entry View general journal On January 1, 2018, Bochini Corporation sold a $10 million, 8.25 percent bond issue. The bonds were dated January 1, 2018, had a yield of 8 percent, pay interest each December 31, and mature 10 years from the date of issue. Use Table 9C.1, Table 9C.2 Required: 

1. Prepare the journal entry to record the issuance of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round time value factor to 4 decimal places. Enter your answers in dollars not in millions rounded to the nearest whole dollar.) View transaction list Journal entry worksheet Record the issuance of bond at a premium. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2018 Record entry Clear entry View general journal 2. Prepare the journal entry to record the interest payment on December 31, 2018. Use effective-interest amortization. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round time value factor to 4 decimal places. Enter your answers in dollars not in millions rounded to the nearest whole dollar.) View transaction list Journal entry worksheet Record payment of annual interest and amortization of premium for 12 months Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2018 Record entry Clear entry View general journal 3. Show how the bond interest expense and the bonds payable should be reported on the annual financial statements for 2018. (Enter your answers in dollars not in millions rounded to the nearest whole dollar.) BOCHINI CORPORATION Financial Statements For year ended December 31, 2018 Statement of earnings:

 Statement of financial position Long-term liabilities: