.. . Cengage i: CengageNOWy2] Onl × | e Chegg Study | Guided Sol b 14.2 Issuing

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.. . Cengage i: CengageNOWy2] Onl × | e Chegg Study | Guided Sol b 14.2 Issuing Bonds at a Fa a Samsung Galaxy S9 Plus V + O v2 cengageno con ilm takeAss gnment take ssignmentain doinvoker-assignments takeAssignmentsess on ocator-assignment t Ch 14-2 Practice Exercises Show Me How Calculator Print ltem eBook Discount Amortization On the first day of the fiscal year, a company issues a $3,200,000, 896, 7-year bond that pays semiannual interest of $128,000 ($3,200,000 x 8% x ), receiving cash of $2,883,243 Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave t blank 1. PE. 14-01.ALGO 2. PE.14-02.ALGO 3. PE.14-03.ALGO 4. PE. 14-04.ALGO 5. PE.14-05.ALGO 6. PE.14-06.ALGO 7. PE.14-07.ALGO 8. PE.14-08.ALGO 9. PE. 14-09.ALGO Check My Work 2 more Check My Work uses remalning Previous Next Progress: 4/9 items Assignment Score: 0.0% Email Instructor Save and Exit Submit Assignment for Grading 9:32 PM Type here to search /19/2018 2

Explanation / Answer

Journalize first interest payment :

Date accounts & explanation debit credit Interest expenses 150626 Discount on bonds payable (3200000-2883243/14) 22626 Cash (3200000*8%*6/12) 128000

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