PLEASE FIX WHAT IS IN RED MARKED WITH AN X AND ALSO ANSWER THE JOURNAL ENTRY, PLEASE ANSWR BOTH QUESTIONS 1 AND 2

Post by **answerhappygod** » Tue Jul 05, 2022 1:36 pm

: Please Fix What Is In Red Marked With An X And Also Answer The Journal Entry Please Answr Both Questions 1 And 2 1 (55.51 KiB) Viewed 4 times

: Please Fix What Is In Red Marked With An X And Also Answer The Journal Entry Please Answr Both Questions 1 And 2 2 (44.17 KiB) Viewed 4 times

: Please Fix What Is In Red Marked With An X And Also Answer The Journal Entry Please Answr Both Questions 1 And 2 3 (18.76 KiB) Viewed 4 times

Required information [The following information applies to the questions displayed below.] On January 1, 2021, Splash City issues $370,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $406,617. Required: 1. Complete the first three rows of an amortization table. (Round your final answers to the nearest whole dollar.) Date 1/1/21 6/30/21 12/31/21 Answer is complete but not entirely correct. Decrease in Cash Paid S 16,650 16,650 Interest Expense $ 16,913 16,926 Carrying Value 263 X 276 Carrying Value S 338,257 338,520 338,796
! Required information [The following information applies to the questions displayed below.] On January 1, 2021, Splash City issues $370,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $406,617. 2. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.) View transaction list
Journal entry worksheet 1 2 Record the bond issue. 3 Note: Enter debits before credits. Date January 01, 2021 Record entry General Journal Clear entry Debit Credit View general journal