Question: Can anyone help me with what I'm missing here? Xonic Corporation issued $71 million of 20-year, 8 percent bonds on April 1, 2018, at 102.


Can anyone help me with what I'm missing here?
Xonic Corporation issued $71 million of 20-year, 8 percent bonds on April 1, 2018, at 102. Interest is due on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2038. Xonic's fiscal year ends on December 31. a-c. Record the issuance of the bonds and entries after the issue. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars.) Answer is not complete. No Date Credit Debit 7,242,000 1 Answer is not complete. General Journal Cash Bonds payable Premium on bonds payable Apr 01, 2018 7,100,000 142,000 2 Sep 30, 2018 Bond interest expense Premium on bonds payable Cash 280,450 3,550 284,000 3 Mar 31, 2038 Bond interest expense Premium on bonds payable Bond interest payable 140,225 1,775 142,000 4 Mar 31, 2038 Bonds payable Cash 7,100,000 7,100,000
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