Question: 18 points The Tennessee Titans issue bonds dated January 1, 2020 with a par value of $300,000. The bonds annual contract rate is, and interest

 18 points The Tennessee Titans issue bonds dated January 1, 2020

18 points The Tennessee Titans issue bonds dated January 1, 2020 with a par value of $300,000. The bonds annual contract rate is, and interest is paid semiannually on June 30 and December 31. The bonds mature in three yearsThe annual market rate at the date of issuance is to, and the bonds are sold for $284773 Journalve the wance of the bonds on January 1, 2020, and the first payment of interest on June 30. necessary, use effective interest amortization for the discount or premium and round to the nearest whole number Required: Date Account Debit Credit An amortization table is provided below if you would like to show your work. You will NOT be graded on the completion of this table Sem- annual interest Cash Interest Paid Bond Interest Expense Discount Amortization Unamortized Discount Carrying Value period 01/0120 06/30/20 S Photo Grid

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