Project #42193 - accounting


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1.  Journalize the entry to record the amount of cash proceeds from the issuance of the bonds.



 
 
       
 2014 July 1 
 
 
 
  
  
 
 
 
 
  
  
 
 
 
 
  
  
       

 



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2.   Journalize the entries to record the following:

a.  The first semiannual interest payment on December 31, 2014, and the amortization of the bond discount, using the interest method. (Round to the nearest dollar.)



 
 
       
 2014 Dec. 31 
 
 
 
  
  
 
 
 
 
  
  
 
 
 
 
  
  
       

 



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b.  The interest payment on June 30, 2015, and the amortization of the bond discount, using the interest method. (Round to the nearest dollar.)



 
 
       
 2015 June 30 
 
 
 
  
  
 
 
 
 
  
  
 
 
 
 
  
  
       

 


3.  Determine the total interest expense for 2014.
$

 

 

 

 

Subject Mathematics
Due By (Pacific Time) 10/04/2014 11:00 pm
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