Question: Looking for someone to actually get this question right. Problem 10-9A Wempe Co. sold $3,000,000, 8%, 10-year bonds on January 1, 2014. The bonds were
Looking for someone to actually get this question right.

Problem 10-9A Wempe Co. sold $3,000,000, 8%, 10-year bonds on January 1, 2014. The bonds were dated January 1, 2014, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. Your answer is correct. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 103 and (2) 98. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Date . Account Titles and Explanation Debit SHOW LIST OF ACCOUNTS Cash 1. 1/1/14 Credit 3090000 LINK TO TEXT Bonds Payable 3000000 iumon BondTry again. Your answerPrem is incorrect. 90000 Prepare amortization Cash tables for issuance of the bonds sold at 103 for the first three interest 2. 1/1/14 2940000 payments. Annual Interest Periods Interest to Be Paid Interest Expense Discount on Bond to Be Recorded Issue date $ $ Bonds Payable Premium Amortization Unamortized Premium 60000 $ $ 3000000 Bond Carrying Value $ 1 2 3 Prepare amortization tables for issuance of the bonds sold at 98 for the first three interest payments. Annual Interest Periods Interest to Be Paid $ Issue date 1 2 3 SHOW LIST OF ACCOUNTS LINK TO TEXT Interest Expense to Be Recorded $ Premium Amortization Unamortized Premium Bond Carrying Value $ $ $ Your answer is incorrect. Try again. Prepare the journal entries to record interest expense for 2014 under both of the bond issuances assuming they sold at: (1) 103 and (2) 98. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Date . Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS 1. 12/31/14 Your answer is incorrect. Try again. Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 103 at December 31, 2014. WEMPE Co. 2. 12/31/14 Balance Sheet (Partial) December 31, 2014 $ $ : Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 98 at December 31, 2014. WEMPE Co. Balance Sheet (Partial) December 31, 2014 $ $
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