Correct Answer $($Used$)$

Prepare the journal entry at the date of the bond issuance. $($Round answer to $2$ decimal places, e$.$g$.38,548\mathrm{.}25.$ If no entry is

required, select $"$No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when

the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select $"$No entry" for

the account titles and enter $0$ in the respective debit and credit fields.$)$

sate

Account Titles and Explanation

Debit

Credit

nuary

$2025$

Bonds Payable

Premium on Bonds Payable $($b$)$

Prepare a schedule of interest expense and bond amortization for $2025-2027.($Round answer to $2$ decimal places, e$.$g$.$

$38,548\mathrm{.}25.)$On January $1,2025,$ Nash Company sold $12\%$ bonds having a maturity value of $$750,000\mathrm{.}00$ for $$869,778\mathrm{.}90,$ which provides

the bondholders with a $8\%$ yield. The bonds are dated January $1,2025,$ and mature January $1,2030,$ with interest payable

December $31$ of each year. Nash Company allocates interest and unamortized discount or premium on the effective$-$interest

basis.

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$***$I got part A and B wrong. Please solve and example$***$