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two part question 1st part - Larkspur co sells 403,000 of 12% bonds on 6/1/2020. The bonds pay interest on 12/1 and 6/1. The due
two part question 1st part - Larkspur co sells 403,000 of 12% bonds on 6/1/2020. The bonds pay interest on 12/1 and 6/1. The due date of the bonds is 6/1/2024. the bonds yield 10% on 10/1/2021 larkspur buys back 132,990 worth of bonds for 138990 give entries through 12/1/2022prepare a bind amoritization schedule using the effective interest methid for discount and premium amoritization. amoritize premium or discount on interest dates and at year end. 2nd part - prepare the relevant journal entries from the time of sale until 12/31/2022 dy (b) Larkspur Co. sells $403,000 of 12% bonds on June 1, 2020. The bonds pay interest on December 1 and June 1. The due date of the bor October 1, 2021, Larkspur buys back $132,990 worth of bonds for $138,990 (includes accrued interest). Give entries through December Prepare a bond amortization schedule using the effective-interest method for discount and premium amortization. Amortize premium or (Round answers to o decimal places, 0.9, 38,518.) Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield Carrying Cash Interest Premium Amount of Date Paid Expense Amortized Bonds 6/1/20 $ $ 12/1/20 6/1/21 12/1/21 6/1/22 12/1/22 6/1/23 1 12/1/23 6/1/24 Difference due to rounding the one for CALCULATOR MESSAGE MY INSTRUCTOR Prepare all of the relevant journal entries from the time of sale until December 31, 2022. (Assume that no reversing entries were ma calculations to 5 decimal places, e.g. 1.25124 and the final answers to o decimal places e.g. 58,971. If no entry is regu. and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent Date Account Titles and Explanation Debit Credit 6/1/20 12/1/20 12/31/20 6/1/21 10/1/21 niwirinn of Inhn Wiley & Sons Inc
two part question
prepare a bind amoritization schedule using the effective interest methid for discount and premium amoritization. amoritize premium or discount on interest dates and at year end.
2nd part - prepare the relevant journal entries from the time of sale until 12/31/2022
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