Finish attempt Recording Bond Entries and Preparing an Amortization Schedule-Effective interest Method Premium each December and were sued to yield The bonds mature December 31, 2014 and Mitchell need 20. 51.000 bonds on January 1, 2020. The band pay cats interest any the company uses the effective interest method to mortire bond discounts or premiums Required a. Determine the price of the bonds Round amount to the newest whole dollar b. Prepare an amortization schedule for the full bondtem Prepare ournal entries on the following dates 1. January 1, 2020, bond ance 2. December 31, 2020, interest payment 3. December 31, 2021, interest payment Donde Amortization Schedule Recording Bond Entries and Preparing an Amortization Schedule-Effective interest Method, Premium Mechel inc inued 120, 50, 51.000 bonds on January 1, 2020. The bonds pay cash interest annually each December 31 and were issued to yield St. The bonds mature December 31, 2024, and the company uses the effective terest method to amortize bond discounts or premium Required a. Determine the selling price of the bonds. Round amount to the nearest whole dollar Prepare an amortization schedule for the band term c. Prepare journal entries on the following dates 1. January 1, 2020, bond issuance. 2. December 31, 2020, interest payment 3. December 31.2021. rst payment Bond Selling Price Amortization Schedule Journal Entries Note Roundourts in schedule to th e whole do U rounded for in the schedule Note: include any net rounding difference for bond Payable Net in the interest expense amount for Dec 31, 2017 Date Cash interest Expense DIM Amartination Bands Payable, Net 2020 Mitchell Inc. issued 120,6% $1,000 bonds on January 1, 2020. The bonds pay cash interest annually each December 31 and were issued to yield 5%. The bonds mature December 31, 2024, and the company uses the effective interest method to amortize band discounts of premiums. Required a. Determine the selling price of the bonds. Round amount to the nearest whole dollar b. Prepare an amortization schedule for the full bond term. c. Prepare journal entries on the following dates 1. January 1, 2020, bond sunce 2. December 31, 2020, interest payment 3. December 31, 2021. Interest payment Support Bond Salling Price Amortization Schedule Journal Entries Note: Ust multiple debits or credit when applicable) in alphabetical order Note: Round your answers to the nearest whole dolar Dr. C. Finish attempt Recording Bond Entries and Preparing an Amortization Schedule-Effective interest Method Premium each December and were sued to yield The bonds mature December 31, 2014 and Mitchell need 20. 51.000 bonds on January 1, 2020. The band pay cats interest any the company uses the effective interest method to mortire bond discounts or premiums Required a. Determine the price of the bonds Round amount to the newest whole dollar b. Prepare an amortization schedule for the full bondtem Prepare ournal entries on the following dates 1. January 1, 2020, bond ance 2. December 31, 2020, interest payment 3. December 31, 2021, interest payment Donde Amortization Schedule Recording Bond Entries and Preparing an Amortization Schedule-Effective interest Method, Premium Mechel inc inued 120, 50, 51.000 bonds on January 1, 2020. The bonds pay cash interest annually each December 31 and were issued to yield St. The bonds mature December 31, 2024, and the company uses the effective terest method to amortize bond discounts or premium Required a. Determine the selling price of the bonds. Round amount to the nearest whole dollar Prepare an amortization schedule for the band term c. Prepare journal entries on the following dates 1. January 1, 2020, bond issuance. 2. December 31, 2020, interest payment 3. December 31.2021. rst payment Bond Selling Price Amortization Schedule Journal Entries Note Roundourts in schedule to th e whole do U rounded for in the schedule Note: include any net rounding difference for bond Payable Net in the interest expense amount for Dec 31, 2017 Date Cash interest Expense DIM Amartination Bands Payable, Net 2020 Mitchell Inc. issued 120,6% $1,000 bonds on January 1, 2020. The bonds pay cash interest annually each December 31 and were issued to yield 5%. The bonds mature December 31, 2024, and the company uses the effective interest method to amortize band discounts of premiums. Required a. Determine the selling price of the bonds. Round amount to the nearest whole dollar b. Prepare an amortization schedule for the full bond term. c. Prepare journal entries on the following dates 1. January 1, 2020, bond sunce 2. December 31, 2020, interest payment 3. December 31, 2021. Interest payment Support Bond Salling Price Amortization Schedule Journal Entries Note: Ust multiple debits or credit when applicable) in alphabetical order Note: Round your answers to the nearest whole dolar Dr. C
