exercise 10-9a please see attachment for easier viewing....................thanks!

Problem 10-9A Wempe Co. sold $3,119,000,9%,10-year bonds on January 1, 2014. The bonds were dated January 1, 2014, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually.

Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1)102and (2)98.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.	Date	Account Titles and Explanation	Debit	Credit
1.	1/1/14
2.	1/1/14

SHOW LIST OF ACCOUNTS

LINK TO TEXT

Prepare amortization tables for issuance of the bonds sold at102for the first three interest payments.

Annual Interest Periods	Interest to Be Paid	Interest Expense to Be Recorded	Premium Amortization	Unamortized Premium	Bond Carrying Value
Issue date	$	$	$	$	$
1
2
3

Prepare amortization tables for issuance of the bonds sold at98for the first three interest payments.

Annual Interest Periods	Interest to Be Paid	Interest Expense to Be Recorded	Premium Amortization	Unamortized Premium	Bond Carrying Value
Issue date	$	$	$	$	$
1
2
3

SHOW LIST OF ACCOUNTS

LINK TO TEXT

Prepare the journal entries to record interest expense for 2014 under both of the bond issuances assuming they sold at: (1)102and (2)98.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.	Date	Account Titles and Explanation	Debit	Credit
1.	12/31/14
2.	12/31/14

SHOW LIST OF ACCOUNTS

Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at102at December 31, 2014.

WEMPE Co. Balance Sheet (Partial) December 31, 2014
Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity
	$
LessAdd:		$

Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at98at December 31, 2014.

WEMPE Co. Balance Sheet (Partial) December 31, 2014
Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity
	$
LessAdd:		$

Problem 10-9A Wempe Co. sold $3,119,000, 9%, 10-year bonds on January 1, 2014. The bonds were dated January 1, 2014, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 102 and (2) 98. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Date . Explanation Debit Credit LIST OF ACCOUNTS 1.SHOW 1/1/14 LINK TO TEXT Prepare amortization tables for issuance of the bonds sold at 102 for the first three interest payments. Annual 2. 1/1/14 Interest Periods Interest to Be Paid Issue date Interest Expense to Be Recorded $ Premium Amortization $ $ Unamortized Premium Bond Carrying Value $ $ 1 2 3 Prepare amortization tables for issuance of the bonds sold at 98 for the first three interest payments. Annual Interest Periods Interest Expense to Be Recorded Interest to Be Paid $ Issue date 1 2 Premium Amortization $ $ Unamortized Premium $ Bond Carrying Value $ 3 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entries to record interest expense for 2014 under both of the bond issuances assuming they sold at: (1) 102 and (2) 98. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No . Date Account Titles and Explanation Debit Credit LIST OF ACCOUNTS 1.SHOW 12/31/14 Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 102 at December 31, 2014. WEMPE Co. Balance Sheet (Partial) December 31, 2014 2. 12/31/14 $ $ : Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 98 at December 31, 2014. WEMPE Co. Balance Sheet (Partial) December 31, 2014 $ $