P9-74A. (Learning Objective 2: Accounting for bonds payable at a premium; amortizing by the effective interest method) Requirements 1. Journalize the following transactions of Dupont Communications, Inc.: Chapter 9 20X0 Jan 1 Jul 1 Dec 31 20X1 Jan 1 2020 Jan 1 Issued $6,000,000 of 9%, 10-year bonds payable when the market rate is 8%. Paid semi-annual interest and amortized bonds by the effective interest method on the 9% bonds payable. Accrued semi-annual interest expense and amortized bonds by the effective interest method on the 9% bonds payable. Paid semi-annual interest. Paid the 9% bonds at maturity. LO 2 2. At December 31, 20X0, after all year-end adjustments, determine the carrying amount of Dupont Communications bonds payable, net. 3. For the six months ended July 1, 20X0, determine for Dupont Communications, Inc.: a. Interest expense b. Cash interest paid What causes interest paid for the bonds to be higher than the interest expense?

P9-74A. (Learning Objective 2: Accounting for bonds payable at a premium; amortizing by the effective interest method) Requirements 1. Journalize the following transactions of Dupont Communications, Inc:: Chapter 9 2. At December 31,200, after all year-end adjustments, determine the carrying amount of Dupont Communications bonds payable, net. 3. For the six months ended July 1, 20X0, determine for Dupont Communications, Inc.: a. Interest expense b. Cash interest paid What causes interest paid for the bonds to be higher than the interest expense