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Snap Company issues 14%, five-year bonds, on January 1 of this year, with a par value of $150,000 and semiannual interest payments. (e) (1) (2)
Snap Company issues 14%, five-year bonds, on January 1 of this year, with a par value of $150,000 and semiannual interest payments. (e) (1) (2) Sen annual Period-End January 1, 15 suance June 30, first payment December 31, Second payment Unamortized Discount $7,800 7, eze 6,240 Carrying Value $142,200 142,980 143,760 Use the above bond amortization table and prepare journal entries to record (a the Issuance of bonds on January 1 (by the first Interest payment on June 30, and ( the second Interest payment on December 31. Viow transaction to Journal entry worksheet Record the issuance of the bonds. Notes: Enter debits before credits Date General Journal Debit Credit January 01 Recorder Clementy View Snap Company issues 14%five year bonds, on January 1 of this year, with a par value of $150,000 and semiannual interest payments (e) (1) (2) Serannual Period-End January 1, suance June 30, first payment December 31, second payment Uramortized Discount $7,880 7,620 6,240 Carrying Value $142, 200 142,980 143,760 Use the above bond amortization table and prepare Journal entries to record (a the Issuance of bonds on January 1, (by the first Interest payment on June 30, and (9 the second Interest payment on December 31. View transaction stat Journal entry worksheet 1 LA 3 Record the interest payment and amortization on June 30. Noente eta berare credit Date General Journal Debit Credit June 30 Snap Company issues 14%. five-year bonds, on January 1 of this year, with a par value of $150,000 and semiannual interest payments (0) (1) (2) Senannu Period-End January 1, Issuance June 30, first payment December 31, second payment Unaorted Discount 57 880 7,62e 6,240 Carrying Value 5142,200 142,900 143,760 Use the above bond amortization table and prepare Journal entries to record (a) the issuance of bonds on January 1, (b) the first Interest payment on June 30, and ( the second Interest payment on December 31. Vlow transactionat Journal entry worksheet
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