Dobbs Company issues 6%, two-year bonds, on December 31, 2021, with a par value of $94,000...

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Dobbs Company issues 6%, two-year bonds, on December 31, 2021, with a par value of $94,000 and semiannual interest payments Semiannual Period-End Carrying Value $ 88,120 89,590 12/31/2021 6/30/2022 12/31/2022 6/30/2023 12/31/2023 91,060 92,530 94,000 (0) (1) Unamortized Discount $ 5,880 4,410 2,940 1,470 0 (2) (3) (4) Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on December 31, 2021., (b) The first through fourth interest payments on each June 30 and December 31. (c) Record the maturity of the bonds on December 31, 2023. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C The first through fourth interest payments on each June 30 and December 31. Required A Required B Required C The first through fourth interest payments on each June 30 and December 31. 3 2 No 1 Date June 30, 2022 December 31, 202 Bond interest expense June 30, 2023 Bond interest payable Discount on bonds payable Cash General Journal Discount on bonds payable Cash: Bond interest expense Discount on bonds payable Cash December 31, 202 Bond interest expense Discount on bonds payable Cash 33 300 >>> 333 Debit 4,535x 4,535 4,535 4,535 Credit 1,505 x 3,030 1,505 x 3,030 1,505 3,030 X 1,505 3,030 Complete this question by entering your answers in the tabs below. Required A Required B The issuance of bonds on December 31, 2021. Date December 31, 202 Cash No 14 Required C General Journal Discount on bonds payable Bonds payable Required A Required B > Debit 94,980 X 6,020 Credit 101,000 12/31/2023. (4) Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on December 31, 2021. (b) The first through fourth interest payments on each June 30 and December 31. (c) Record the maturity of the bonds on December 31, 2023. 94,000 Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Record the maturity of the bonds on December 31, 2023. Daye General Journal No < Required B Debit Required c Credit Dobbs Company issues 6%, two-year bonds, on December 31, 2021, with a par value of $94,000 and semiannual interest payments Semiannual Period-End Carrying Value $ 88,120 89,590 12/31/2021 6/30/2022 12/31/2022 6/30/2023 12/31/2023 91,060 92,530 94,000 (0) (1) Unamortized Discount $ 5,880 4,410 2,940 1,470 0 (2) (3) (4) Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on December 31, 2021., (b) The first through fourth interest payments on each June 30 and December 31. (c) Record the maturity of the bonds on December 31, 2023. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C The first through fourth interest payments on each June 30 and December 31. Required A Required B Required C The first through fourth interest payments on each June 30 and December 31. 3 2 No 1 Date June 30, 2022 December 31, 202 Bond interest expense June 30, 2023 Bond interest payable Discount on bonds payable Cash General Journal Discount on bonds payable Cash: Bond interest expense Discount on bonds payable Cash December 31, 202 Bond interest expense Discount on bonds payable Cash 33 300 >>> 333 Debit 4,535x 4,535 4,535 4,535 Credit 1,505 x 3,030 1,505 x 3,030 1,505 3,030 X 1,505 3,030 Complete this question by entering your answers in the tabs below. Required A Required B The issuance of bonds on December 31, 2021. Date December 31, 202 Cash No 14 Required C General Journal Discount on bonds payable Bonds payable Required A Required B > Debit 94,980 X 6,020 Credit 101,000 12/31/2023. (4) Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on December 31, 2021. (b) The first through fourth interest payments on each June 30 and December 31. (c) Record the maturity of the bonds on December 31, 2023. 94,000 Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Record the maturity of the bonds on December 31, 2023. Daye General Journal No < Required B Debit Required c Credit

Answer rating: 100% (QA)

Discount on Bonds Payable A discount on bonds payable is incurred when the market rate of interest i... View the full answer