lomework: Chapter $11$

Show Me How

were issued at a market $($effective$)$ interest rate of $6\%,$ resulting in Chin receiving cash of $$21,540,263.$

a$.$ Journalize the entries to record the following:

Issuance of the bonds.

First semiannual interest payment. The bond discount is combined with the semiannual interest payment. $($Round your answer to the nearest dollar.$)$

Second semiannual interest payment. The bond discount is combined with the semiannual interest payment. $($Round your answer to the nearest dollar.$)$

If an amount box does not require an entry, leave it blank.

$1.$

$2.$

$3.$

Feedback

DCheck My Work

b$.$ Determine the amount of the bond interest expense for the first year.

Previous

Next