Information:

Required:

1)

2)

3)

4a)

4b)

Required information Problem 14-4A Straight-Line: Amortization of bond discount LO P2 [The following information applies to the questions displayed below.) Legacy issues $570,000 of 8.5%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $508,050 when the market rate is 12% Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. View transaction list Journal entry worksheet