of 6 2S%, 10-year bonds payable The bords pay interest senianaly Randd Reaty rec

Q: of 6 2S%, 10-year bonds payable The bords pay interest senianaly Randd Reaty rec

1) 2) Amortisation schedule cash paid Interest expense premium amortised carrying value 12/31/2018 509453 06/30/2019 15625 [500000*.0625*6/12] 15284 [509453*.06*6/12] 341 [15625-15284] 509112 [509453-341] 12/31/2019 15625 15273. [509112*.06*6/12] 352 [15625-15273] 508760 [509112-352]

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of 6 2S%, 10-year bonds payable The bords pay interest senianaly Randd Reaty recek ed S509, 453 in cash at issuance Requirements 1. Prepare 2Using the amrtication table prepared in Requirement 1, journalize issuance of the bonds and the irst two interest payments Joumalize the payment of the first semiannual interest amount and amonization of the bond on June 30, 2019 an amortiz ition table using the effective interest amortization mwthod for the first two semiannual intenest periods (Round to the nearest dollar) Accounts and Explanation Debit Credit Jun 30 Joumalize the payment of the second semianual inerest amount and azation of the bond on December 31, 2019 Accounts and Explanation hoose trom any ist or enter any umber in the mput helds and then continue to the nest quesson

Explanation / Answer

Amortisation schedule cash paid Interest expense premium amortised carrying value 12/31/2018 509453 06/30/2019 15625 [500000*.0625*6/12] 15284 [509453*.06*6/12] 341 [15625-15284] 509112 [509453-341] 12/31/2019 15625 15273. [509112*.06*6/12] 352 [15625-15273] 508760 [509112-352]

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of 6 2S%, 10-year bonds payable The bords pay interest senianaly Randd Reaty rec

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