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Zero Coupon Bond Johnson Company sold for $48,000 a $108,400,2-year zero coupor bond on January 1, 2024. The bond matures on December 31 , 2025.

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Zero Coupon Bond Johnson Company sold for $48,000 a $108,400,2-year zero coupor bond on January 1, 2024. The bond matures on December 31 , 2025. Required: 1. Prepare the entry to record the issuance of the bond. If an amount box does not require an entry, leave it blank. 2024Jar1 2. Prepare the adjusting entry to recognize 2024 interest expense. If an amount box does not require an entry, leave it blank. 3. Prepare the entry to recognize the 2025 interest expense and the repayment of the bond on December 31, 2025. If an amount box does not require an entry, leave it blank. Zero Coupon Bond Johnson Company sold for $48,000 a $108,400,2-year zero coupor bond on January 1, 2024. The bond matures on December 31 , 2025. Required: 1. Prepare the entry to record the issuance of the bond. If an amount box does not require an entry, leave it blank. 2024Jar1 2. Prepare the adjusting entry to recognize 2024 interest expense. If an amount box does not require an entry, leave it blank. 3. Prepare the entry to recognize the 2025 interest expense and the repayment of the bond on December 31, 2025. If an amount box does not require an entry, leave it blank

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