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Told me my answers were wrong, although I'm fairly positive they were right. Any help would be appreciated %E9-23A (similar to) Franklin, Inc., issued $180,000

Told me my answers were wrong, although I'm fairly positive they were right. Any help would be appreciatedimage text in transcribed

%E9-23A (similar to) Franklin, Inc., issued $180,000 of 6 year. 10 persent bonds payable on January 1. Franki, o, pays interest each January 1 and July 1 and amortizes (Click the icon to view the conditions) y discount or premium by the straighine method Franin, Inc.con issue its bonds payable under various conditions: Read the surements Journal Entry Credit Debit 100 000 Bonds payable 100 000 1. Journal de Franklin, Inesence of the bonds and semi n erest part for each situation. Round calculations to the nearest dollar. Explanations are not required 2 Which condition results in the most interest expense for Frankdin ? Explainin det a Record the payment of semiannual interest when the bonds are lessed a par Journal Entry Accounts Debit Credit Print Done 8000 Record the s e at a price of $130.000 when the market rate was above 10 percent Journal Entry Accounts Debit Credit 130 000 Discount on bonds payable 30 000 Bonds payable 100,000 Record the payment of semiannual rest when the bonds are issued a price of 3130,000 and the market rate was above 10 percent (Round to the nearest whole number) Credit Date Jul 1 Journal Entry Accounts interest expense Discount on bonds payable Debit 11.000 3.000 3.000 e Record the issuance at a price of $150.000 when the market rate was below 10 percent Debit Credit Jan Journal Entry Accounts Cash Bords payable Premium on bonds payable 100.000 20 000 G. Record the payment of semiannual interest when the bonds are issued at a price of $180.000 when the market rate was below 10 percent. (Round to the nearest whole number) mal Entry Date Accounts Debit Credit 1 interest expense Premium on bonds payable 8,000 2.0001 Requirement 2. Which condition results in the most interest expense for Franklin Inc? Explain in detail The discount price of $130.000 results in the most interest expense. The reason for this is because Frankdin receives $130,000 and must pay back 5100 000 a maturity

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