Question: MUU ILULIIB the work you have completed so far, it does not located The Square Foot Grill, Inc. Issued $226,000 of 10-year, 7 percent bonds

 MUU ILULIIB the work you have completed so far, it does

MUU ILULIIB the work you have completed so far, it does not located The Square Foot Grill, Inc. Issued $226,000 of 10-year, 7 percent bonds on January 1, 2018, at 102. Interest is payable in cash annan on December 31. The straight-line method is used for amortization Required a. Use a financial statements model like the one shown below to demonstrate how (t) the January 1, 2018, bond issue and the December 31, 2018, recognition of Interest expense, including the amortization of the premium and the cash payment, affects the company's financial statements. Use + for increase, - for decrease, and if there is no effect, leave the cell blank. b. Determine the carrying value (face value less discount or plus premium of the bond liability as of December 31, 2018. c. Determine the amount of Interest expense reported on the 2018 income statement d. Determine the carrying value of the bond liability as of December 31, 2019 e. Determine the amount of interest expense reported on the 2019 income statement Answer is not complete Complete this question by entering your answers in the tabs below. Reg A Red B to E Determine the carrying value face value less discount or plus premium) of the bond liability as of December 31, 2018 Determine the amount of interest expense reported on the 2018 income statement Determine the carrying value of the bond liability as of December 31, 2019 Determine the amount of interest expense reported on the 2019 income statement Show less D. Carrying vive interest expense Parrying value Interest expense d

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