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This Question: 5 pts 415 of 29 (0 completo) On December 31, 2018, when the market interest rate is 12%, O'Brien Realty sucs $700,000 of
This Question: 5 pts 415 of 29 (0 completo) On December 31, 2018, when the market interest rate is 12%, O'Brien Realty sucs $700,000 of 13 25%, 10-ycar bonds payable. The bonds pay interest scmiannually O Brien Realty recoved $750,321 in cash at issuance Requirements Prepare an amortization table using the effective Interest amortization method for the first two semiannual Interest periods. (Round to the nearest collar.) Using the amortization table prepared in Requirement 1 journalize issuance of the bonus and the first two interest payments. 2 Requirement 1. Prepare an amortization table using the effective interest amortization method for the first two semiannual interest periods. (Round to the nearest dollar.) Interest Carrying Cash Paid Expense Amortized Amount 12/3101 06/30/2019 12/31/2019 Requirement 2. Using the amortization table prepared in Requirement 1. joumalize issuance of the bonds and the first two interest payments (Rccord dcbits first, then credits Scioct cxplanations on the last line of the joumal cntry Round your answers to the nearest wholc dollar) Start by joumalizing the issuance of the bonds on December 31, 2018 Date Accounts and Explanation Debit Credit 2018 Dec. 31 Joumalize the payment of the first semiannual interest amount and amortization of the bond on June 30, 2019. Date Accounts and Explanation Debit Credit 2019 Jun 30 Joumalize the payment of the second semiannual Interest amount and amortization of the bond on December 31, 2019. Date Accounts and Explanation Debit Credit 2019 Dec. 31
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