Question: i need help with accounting data entry. please see the attachment. Problem 15-1A On May 1, 2014, Herron Corp. issued $333,000, 11%, 5-year bonds at
i need help with accounting data entry. please see the attachment.

Problem 15-1A On May 1, 2014, Herron Corp. issued $333,000, 11%, 5-year bonds at face value. The bonds were dated May 1, 2014, and pay interest semiannually on May 1 and November 1. Financial statements are prepared annually on December 31. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 1, 2014 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare the adjusting entry to record the accrual of interest on December 31, 2014. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2014 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Show the balance sheet presentation on December 31, 2014. (For Bonds Payable, Notes Payable and Mortgage payable enter the account name only and do not provide any additional descriptive information e.g. due 2017.) Herron Corp. Balance Sheet December 31, 2014 $ $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare the journal entry to record payment of interest on May 1, 2015, assuming no accrual of interest from January 1, 2015, to May 1, 2015. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 1, 2015 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare the journal entry to record payment of interest on November 1, 2015. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Nov. 1, 2015 SHOW LIST OF ACCOUNTS Debit Credit LINK TO TEXT LINK TO TEXT LINK TO TEXT Assume that on November 1, 2015, Herron calls the bonds at 102. Record the redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Nov. 1, 2015 Problem 15-3A Talkington Electronics issues a $399,000, 12%, 10-year mortgage note on December 31, 2013. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for semiannual installment payments, exclusive of real estate taxes and insurance, of $34,787. Payments are due June 30 and December 31. Prepare an installment payments schedule for the first 2 years. (Round answers to 0 decimal places, e.g. 15,250.) Semiannual Interest Period Cash Payment Reduction of Principal Interest Expense Principal Balance $ Issue Date $ 1 2 3 4 SHOW LIST OF ACCOUNTS LINK TO TEXT $ $ Prepare the entries for (1) the loan and (2) the first two installment payments. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2013 June 30, 2014 Dec. 31, 2014 SHOW LIST OF ACCOUNTS LINK TO TEXT Show how the total mortgage liability should be reported on the balance sheet at December 31, 2014. (For Bonds Payable, Notes Payable and Mortgage payable enter the account name only and do not provide any additional descriptive information e.g. due 2023.) Talkington Electronics Balance Sheet December 31, 2014 $ $ Problem 15-5A On July 1, 2014, Flanagin Corporation issued $1,506,700, 8%, 10-year bonds at $1,730,865. This price resulted in an effectiveinterest rate of 6% on the bonds. Flanagin uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest July 1 and January 1. Prepare the journal entry to record the issuance of the bonds on July 1, 2014. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Date Debit Credit July 1, 2014 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare an amortization table through December 31, 2015 (3 interest periods), for this bond issue. (Round answers to 0 decimal places, e.g. 15,250.) FLANAGIN CORPORATION Bond Premium Amortization Effective-Interest MethodSemiannual Interest Payments Semiannual Interest Periods Interest to Be Paid Interest Expense Premium Amortization Unamortized Premium Bond Carrying Value $ Issue date 1 2 3 SHOW LIST OF ACCOUNTS LINK TO TEXT $ Prepare the journal entry to record the accrual of interest and the amortization of the premium on December 31, 2014. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Date Debit Credit Dec. 31, 2014 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entry to record the payment of interest and the amortization of the premium on July 1, 2015, assuming no accrual of interest on June 30. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1, 2015 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entry to record the accrual of interest and the amortization of the premium on December 31, 2015. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Dec. 31, 2015 Account Titles and Explanation Debit Credit Problem 15-6A On July 1, 2014, Kellerman Company issued $4,364,300, 10%, 10-year bonds at $3,863,697. This price resulted in an effective-interest rate of 12% on the bonds. Kellerman uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest July 1 and January 1. Prepare the journal entries to record the following transactions. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) The issuance of the bonds on July 1, 2014. (2) The accrual of interest and the amortization of the discount on December 31, 2014. (3) The payment of interest and the amortization of the discount on July 1, 2015, assuming no accrual of interest on June 30. (4) The accrual of interest and the amortization of the discount on December 31, 2015. No . (1) Date July 1, 2014 (2) Dec. 31, 2014 (3) July 1, 2015 (4) Dec. 31, 2015 Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Show the proper balance sheet presentation for the liability for bonds payable on the December 31, 2015, balance sheet. (For Bonds Payable, Notes Payable and Mortgage payable enter the account name only and do not provide any additional descriptive information e.g. due 2024.) Kellerman Company Balance Sheet December 31, 2015 $
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