Question: Need help with this problem being solved Hardse 14-04 Teal Company issued $708,000 of 99%, 20-year bands on January 1, 2020, at 101. Interest is

 Need help with this problem being solved Hardse 14-04 Teal Company

Need help with this problem being solved

issued $708,000 of 99%, 20-year bands on January 1, 2020, at 101.

Hardse 14-04 Teal Company issued $708,000 of 99%, 20-year bands on January 1, 2020, at 101. Interest is payable semiannually on July 1 and January 1. Teal Company uses the straight-line method of amortization for bend premium or discount. Prepare the journal entries to record the following. (Time entry is requires, acleet "No Entry" Far The account Miles wed eater 8 Fer Hire amounts. Great account Elites are autoambiearly ) The issuance of the bonds. (b) The payment of interest and the related amortization on July 1, 2020. The accrual of interest and the related amortization on December 31, 2020. Date Account Titles and Explanation Debit Credit enter an account title for the journal entry on enter a debit enter a credit 1/1/20 January 1 amount amount enter an account title for the journal entry on enter e debit enter a credit January 1 amount amount enter an account title for the journal entry on enter a debit amount enter a credit January 1 amount enter an account title for the journal entry on July enter a debit enter a credit 7/1/20 amount amount enter an account title for the journal entry on July enter a debit enter a credit amount amount enter an account title for the journal entry on July enter e debit enter a credit Amount amount enter an account title for the journal entry on enter e debit enter a credit /20 December 31 Jemoun ameant enter e cebit

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