Question: 2 pic - the first entry right ? and the second entry premium or dis 4 pic - what the right number also the last

2 pic - the first entry right ?
and the second entry premium or dis
4 pic - what the right number
also the last pic
please i want the right solve
2 pic - the first entry right ?and the second entry premium
or dis 4 pic - what the right number also the last
pic please i want the right solve View Policies Show Attempt History
Current Attempt in Progress On January 1, 2020, Cullumber Company issued 2,340,000,8%,
10-year bonds at 2,504,352. This price resulted in a 7% effective- interest

View Policies Show Attempt History Current Attempt in Progress On January 1, 2020, Cullumber Company issued 2,340,000,8%, 10-year bonds at 2,504,352. This price resulted in a 7% effective- interest rate on the bonds. Cullumber uses the effective interest method to amortize bond premium or discount. The bonds pay annual interest on each January 1. Your answer is partially correct. Prepare the journal entries to record the following transactions. (Round answers to decimal places, eg. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) The issuance of the bonds on January 1, 2020 Accrual of interest and the amortization of the premium on December 31, 2020. (2) (3) The payment of interest on January 1, 2021 No. Date Account Titles and Explanation Debit Credit (1) Jan. 1. 2020 Cash 2504352 Bonds Payable 2504352 2) (2) Dec 31 2020 Interest Expense 175305 Discount on Bonds Payable 11895 Interest Payable 187200 Jan. (3) Interest Payable 187200 2021 Cash 187200 ) (4) Dec. 31. 2021 Interest Expense 174472 Discount on Bonds Payable 12728 Interest Payable 187200 . Your answer is partially correct. Show the proper long-term liabilities statement of financial position presentation for the liability for bonds payable at December 31, 2021. (Round answers to decimal places, eg. 15,250. Enter account name only and do not provide descriptive information) Cullumber Company Statement of Financial Position (Partial) December 31, 2021 Bonds Payable 2479750 Provide the answers to the following questions. (1) What amount of interest expense is reported for 2021? (Round answers to decimal places, eg. 15,250.) Interest expense reported for 2021 175305 (2) Would the bond interest expense reported in 2021 be the same as greater than or less than the amount that would be reported if the straight line method of amortization were used? The bond interest expense reported in 2021 will be greater than the amount that would be reported if the straight-line met

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