v2.cengagenow.com Topic: Introduce Yourself Campus Solutions I PantherSoft Sig therasa-Audra Ban eBook Calculator Bond Premium, Entries for Bonds Payable Transactions Rodgers Corporation produces and sells football equipment. On July 1, Year 1, Rodgers issued $65,000,000 of 10-year, receiving cash of $73,100,469. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal Required: For all journal entries with a compound transaction, if an amount box does not require an entry, leave it blank. 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, Year 1. Cash July 1 73,100,469 V Year 1 Premium on Bonds Payable y 8,100,469 Bonds Payable Y 65,000,000 Feedback Check My Work Bonds Payable is always recorded at face value. Any difference in issue price is reflected in a premium or discoun The straight-line method of amortization provides equal amounts of amortization over the life of the bond. Learning Objective 2. 2. Journalize the entries to record the following: a. The first semiannual interest payment on December 31, Year 1, and the amortization of the bond premium, using the Year 1 Dec. 31 Interest Expense y Premium on Bonds Payable 3,494,977 405,023 Cash 3,900,000 Check My Work Emal Instru MacBook Pro v2.cengagenow.com Topic: Introduce Yourself Campus Solutions I PantherSoft Sig therasa-Audra Ban eBook Calculator Bond Premium, Entries for Bonds Payable Transactions Rodgers Corporation produces and sells football equipment. On July 1, Year 1, Rodgers issued $65,000,000 of 10-year, receiving cash of $73,100,469. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal Required: For all journal entries with a compound transaction, if an amount box does not require an entry, leave it blank. 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, Year 1. Cash July 1 73,100,469 V Year 1 Premium on Bonds Payable y 8,100,469 Bonds Payable Y 65,000,000 Feedback Check My Work Bonds Payable is always recorded at face value. Any difference in issue price is reflected in a premium or discoun The straight-line method of amortization provides equal amounts of amortization over the life of the bond. Learning Objective 2. 2. Journalize the entries to record the following: a. The first semiannual interest payment on December 31, Year 1, and the amortization of the bond premium, using the Year 1 Dec. 31 Interest Expense y Premium on Bonds Payable 3,494,977 405,023 Cash 3,900,000 Check My Work Emal Instru MacBook Pro