Question: I Need This Complete Assignment. With 100% Accurate Answer. If you not Sure about correct answer please Not post Answer. Thanks On January 1, 2012,

I Need This Complete Assignment. With 100% Accurate Answer. If you not Sure about correct answer please Not post Answer. Thanks

I Need This Complete Assignment. With 100% Accurate Answer. If you not

On January 1, 2012, Ross Corporation issued $1,834,000 face value, 7%, 10-year bonds at $1,598,600. This price resulted in an effective-interest rate of 9% on the bonds. Ross uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest January 1. Prepare the journal entry to record the issuance of the bonds on January 1, 2012. (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Prepare an amortization table through December 31, 2014 (three interest periods) for this bond issue. (Round answers to 0 decimal places, e.g. 125.) ROSS CORP Bond Discount Amortization Effective-Interest Method-Annual Interest Payments Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Bond Carrying Value Discount Amortization Unamortized Discount Issue date Prepare the journal entry to record the accrual of interest and the amortization of the discount on December 31, 2012 (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) DAte Account Titles and Explanation Debit Credit Dec. 31 Prepare the journal entry to record the payment of interest on January 1, 2013. (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Prepare the journal entry to record the accrual of interest and the amortization of the discount on December 31, 2013 (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) DAte Account Titles and Explanation Debit Credit Dec, 31

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