Sign +++ Excel 2 . Saved Search Home Draw layout Formula Dua Review View Help 12 B Curton 192H 0 There were does not your organise you to wwwwwwwww The you 023 D 2 3 on June 1, 2021, the Healthy Lunch Co. sold $500,000 long-term bonds for $567,889. The bonds will mature in 8 years and pay interest semi-annually every June 1 and December 1. The bonds are to be accounted for under the effective interest method. The staff accountant has 4 correctly prepared the following amortization schedule data. Use this data to answer the required: 5 6 Date Amortization Interest expense Interest Payment Carrying 7 amount value 8 1.Jun 21 567 889 9 1-Dec 21 11.358 15,000 3.642 564,247 10 1-Jun-22 11,285 15,000 3,715 560,532 11 1-Dec-22 11,211 15,000 3,789 556,743 1.Jun 23 12 11,135 15,000 3.865 552,878 12 14 REQUIRED 15 (1). Prepare the journal entry on December 1, 2021. Use the drop down boxes for account names. List debits before credits 16 Credit Date Account Title Debit 17 1/Dec/21 Interest Expense 11.08 18 3,642 Bonds Payable 15.000 19 20 (2). Prepare the journal entry on January 31, 2022, the year-end for Healthy Lunch Co. Use the drop down boxes for account names. Round each 21 line to the nearest whole dollar (0 decimals). List debits listed before credits 22 Credit Date Account Title Debit 31/Jan/22 Interest Expense USE THE Cover Sheet 01 02 03 04 05 06 + Calon Mode: Automatic Workbook Cash MacBook Air GE SO 77 Excel 92 4. Saved Search Option Home Insert Dr Page Layout Formulas Data View Help ting Calibri B 1 Custom C23 A 1 1 *ROUND Each interest Payable G H 2). Prepare the journal entry on January 31, 2022, the year end for Healthy Lunch Co. Use the drop down boxes for account names. Round each 21 line to the nearest whole dollar ( decimals). List debits listed before credits. 22 Date Account Title Debit Credit 23 31/lan 22 Interest Expense 24 *USE THE line too ROUND 25 decimals FORMULA 26 27 (3). What account and amount would Healthy Lunch show on its income statement for the year ending January 31, 2022? 28 Account name Amount ($) 29 30 31 (4). Show the proper presentation for all band related liabilities on the January 31, 2022 statement of financial position. Use the drop down boxes 32 to select the appropriate account name and classification 33 Classification Account name Amount (5) Statement of 34 Financial 35 Position 36 37 38 (5). Assume on June 1,2023, Healthy Lunch Co, redeemed all of the $500,000 bonds prior to their maturity date. The redemption was performed at 102. All entries associated with the bond interest and amortization were already made at this date using the amortization schedule above), Prepare the corporation's journal entry to record the redemption of the bonds ONLY. Use the last line of the journal entry to record any pain/low 39 on redemption (only need to enter amount under appropriate Debitor Credit blue cell of last row). 40 Date Account Title Debit Credit Cover Sheet Q1 Q2 Q3 04 05 06 + Me Aman Warlocks MacBook Air DA Help TE Excel akaur92" . Saved Search (Option. File Home Insert Draw Page Layout Formulas Data Rew View Editing Calibri 12 B Custom Thanks for wing for we made some updates to the practing to gove you more control. Your organ's ann allows you to the You get a decide whether you with Privacy Settings. These optional doud-baded services are provided to you under the Micro Service Agreement 023 B D E 33 Classinicoon H 1 2 K Statement of ACCOUNC name Amount 34 35 Financial 36 Position 37 38 (5). Assume on June 1, 2023, Healthy Lunch Co. redeemed all of the $500,000 bonds prior to their maturity date. The redemption was performed at 102. All entries associated with the band interest and amortization were already made at this date(using the amortization schedule above) Prepare the corporation's journal entry to record the redemption of the bonds ONLY. Use the last line of the journal entry to record any gain/loss 39 on redemption (only need to enter amount under appropriate Debit or Credit blue cell of last row), 40 Date Account Title Debit Credit 41 1/Jun/23 Z 33 Redemption 14 -5 6 END OF QUESTION 5 7 3 1 + = Cover Sheet Q1 Q2 Q3 04 05 06 Marthak Sabatics