Question: please #1 & #2 a b c d 1. Jameson Company issued $500,000,6%,30-year bonds on January 1,2022 , at 103 . Interest is payable annually
1. Jameson Company issued $500,000,6%,30-year bonds on January 1,2022 , at 103 . Interest is payable annually on January 1. Jameson uses straight-line amortization for bond premium or discount. Instructions Prepare the journal entries to record the following events. a. The issuance of the bonds. b. The accrual of interest and the premium amortization on December 31, 2022. c. The payment of interest on January 1, 2023. d. The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded. 2. Mathers Company issued $300,000,8%,15-year bonds on December 31,2021 , for $288,000. Interest is payable annually on December 31. Mathers uses the straight-line method to amortize bond premium or discount. Instructions Prepare the journal entries to record the following events. a. The issuance of the bonds. b. The payment of interest and the discount amortization on December 31, 2022. c. The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded
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