Question: Mmm i need help with these 3 exercises dont really understand very well thanks. P . 686 PE 14-2A Issuing bonds at face amount OBJ.

Mmm i need help with these 3 exercises dont really understand very well thanks.



P . 686 PE 14-2A Issuing bonds at face amount OBJ. 3 The first day of the fiscal year, a company issues a $3,500,000, 5%, 10-year bond that pays semiannual interest of $87,500 ($3,500,000 X 5% X 1/2 year), receiving cash of $3,500,000. Journalize the entries to record (a) the issuance of the bonds, (b) the first interest payment, and (c) the payment of the principal on the maturity date.0. 687 PE 14-3A Issuing bonds at a discount OBJ. 3 On the first day of the fiscal year, a company issues a $1,800,000, 6%, five-year bond that pays semiannual interest of $54,000 ($1,800,000 X 6% X 1/2), receiving cash of $1,725,151. Journalize the entry to record the issuance of the bonds.8 p. 694 PE 14-8A Journalizing installment notes OBJ. 4 On the first day of the fiscal year, a company issues $89,000, 6%, five-year installment notes that have annual payments of $21,128. The first note payment consists of $5,340 of interest and $15,788 of principal repayment. a. Journalize the entry to record the issuance of the installment notes. b. Journalize the first annual note payment
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