Question: Can you please help me with this question: *(E14.4(LO1)(Entries for Bond Transactions)Foreman Cleaners issued 800,000 of 10%, 20-year bonds on January 1, 2019, at 119.792
Can you please help me with this question:
*(E14.4 (LO1) (Entries for Bond Transactions) Foreman Cleaners issued €800,000 of 10%, 20-year bonds on January 1, 2019, at 119.792 to yield 8%. Interest is payable semiannually on July 1 and January 1.)
E14.5 (LO1) (Entries for Bond Transactions) Assume the same information as in E14.4, except that the bonds were issued at 84.95 to yield 12%. * use for reference
Please prepare the journal entries to record the following. (Round to the nearest euro.)
a. The issuance of the bonds.
b. The payment of interest and related amortization on July 1, 2019.
c. The accrual of interest and the related amortization on December 31, 2019.
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