Kleso, Intermediate Accounting, 17e Help System Announcements CALCULATOR PRINTER VERSION BACK Problem 14-02 (Part Level Submission) Sarasota Co is bullding a new hockey arena at a cost of $2,550,000. It received a downpayment of $450,000 from local businesses to support the project, and now needs to borrow $2,100,000 complete the project. It therefore decides to issue $2,100,000 of 11%, 10-year bonds. These bonds were issued on January 1, 2019, and pay interest annually on each January 1. The bonds yield 10%. (a) Your answer is correct. Prepare the joumal entry to record the issuance of the bonds on January 1, 2019. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer too decimal places e-9.58,971. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Credit Date Debit Account Titles and Explanation January 1, 2019 Cash 2,229,030 Bonds Payable 2.100.000 129,030 Premium on Bonds Pay 129,00 SHOW LIST OR ACCOUNTS SHOW SOLUTION UN TO TEXT LINK TO TEXT Attempt 2 of sused (6) Prepare a bond amortization schedule up to and including January 1, 2023, using the effective interest method. (Hound answers to decimal places a 38.548) Carrying Interest Premium Amount of Date Pald Expense Amortization Bonds 1119 Cash 1/1/20 1/21 MacBook Air LINK TO TEXT LINK TO TEXT Attempts: 2 of 5 used (b) Prepare a bond amortization schedule up to and including January 1, 2023, using the effective interest method. (Round answers to o decimal places, e.g. 38, 548.) Cash Carrying Interest Premium Amount of Date Paid Expense Amortization Bonds 1/1/19 $ $ $ 1/1/20 1/1/21 1/1/22 1/1/23 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Attempts: 0 of 5 used SAVE FOR LATER (c) The parts of this question must be completed in order. This part will be available when you complete the part above. MacBook Air