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urgent please help Wyoming Air Company has 8%, 10-year bonds payable that mature on June 30,2028 . The bonds are issued on June 30 ,
urgent please help Wyoming Air Company has 8\%, 10-year bonds payable that mature on June 30,2028 . The bonds are issued on June 30 , 2018, and Wyoming each June 30 and December 31 Reasd the rectuifermenta. 1. Will the bonds be issued at face value, at a premium, or at a discount if the market interest rate on the date of issuance is 7% ? If the market interest rate is 9% ? 2. Wyoming Air issued $1,100,000 of the bonds at 88 . Round all calculations to the nearest dollar. a. Record issuance of the bonds on June 30,2018 . b. Record the payment of interest and amortization of the discount on December 31,2018 . Use the straight-line amortization method. c. Compute the bonds' carrying amount at December 31, 2018. d. Record the payment of interest and amortization of discount on June 30,2019 . Requirement 1. WiIl the bonds be issued at face value, at a premium, or at a discount if the market interest rate on the date of issuance is 7eb? If the market interest rate in 9% ? If the market interest rate is 7\%. the bonds will be istued at If the market interest rate is 9%, the bonds will be issued at a. Record Issuance of the bonds on June 30, 2018. (Record debits first, then credits, Solect explanations on the last line of the Jo the nearest whole dollar.) \begin{tabular}{l||c|c||c||c|} \hline Date & Accounts and Explanation & Debit & Credit \\ \hline 2018 & & \\ (a) Jun. 30 & & & \\ \hline \end{tabular} b. Recosd the payment of interest and amortization of the dibcount on December 31,2018 . Use the itraight-line amortization method (Record debits first, then eredits. Select exptanations on the last line of the joumat entry. Round your answern to the noarest whole dotlar.) c. Compute the bonds' carrying amount at December 31, 2018. (Enter all amounts to the nearest whole dollar.) Carrying amount at December 31, 2018 Long-term Liabilities: Less: d. Record the payment of interest and amortization of discount on June 30, 2019. (Rocord debits first, then credits. Select explanations o entry. Round your answers to the nearest whole dollar.) \begin{tabular}{l||c||c|c|c|} \hline Date & Accounts and Explanation & Debit & Credit \\ \hline 2019 & & & \\ \hline (d) Jun. 30 & & & & \\ \hline \end{tabular} Wyoming Air Company has 8\%, 10-year bonds payable that mature on June 30,2028 . The bonds are issued on June 30 , 2018, and Wyoming each June 30 and December 31 Reasd the rectuifermenta. 1. Will the bonds be issued at face value, at a premium, or at a discount if the market interest rate on the date of issuance is 7% ? If the market interest rate is 9% ? 2. Wyoming Air issued $1,100,000 of the bonds at 88 . Round all calculations to the nearest dollar. a. Record issuance of the bonds on June 30,2018 . b. Record the payment of interest and amortization of the discount on December 31,2018 . Use the straight-line amortization method. c. Compute the bonds' carrying amount at December 31, 2018. d. Record the payment of interest and amortization of discount on June 30,2019 . Requirement 1. WiIl the bonds be issued at face value, at a premium, or at a discount if the market interest rate on the date of issuance is 7eb? If the market interest rate in 9% ? If the market interest rate is 7\%. the bonds will be istued at If the market interest rate is 9%, the bonds will be issued at a. Record Issuance of the bonds on June 30, 2018. (Record debits first, then credits, Solect explanations on the last line of the Jo the nearest whole dollar.) \begin{tabular}{l||c|c||c||c|} \hline Date & Accounts and Explanation & Debit & Credit \\ \hline 2018 & & \\ (a) Jun. 30 & & & \\ \hline \end{tabular} b. Recosd the payment of interest and amortization of the dibcount on December 31,2018 . Use the itraight-line amortization method (Record debits first, then eredits. Select exptanations on the last line of the joumat entry. Round your answern to the noarest whole dotlar.) c. Compute the bonds' carrying amount at December 31, 2018. (Enter all amounts to the nearest whole dollar.) Carrying amount at December 31, 2018 Long-term Liabilities: Less: d. Record the payment of interest and amortization of discount on June 30, 2019. (Rocord debits first, then credits. Select explanations o entry. Round your answers to the nearest whole dollar.) \begin{tabular}{l||c||c|c|c|} \hline Date & Accounts and Explanation & Debit & Credit \\ \hline 2019 & & & \\ \hline (d) Jun. 30 & & & & \\ \hline \end{tabular}
urgent please help
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