Question: Please answer problems 2-5 & show all work on reor uary 1, 2018, LLC Co. issued 9% bonds dated February 1, 2018, with a face
on reor uary 1, 2018, LLC Co. issued 9% bonds dated February 1, 2018, with a face amount of $200,000. terest rate for these bonds was 10%. The bonds sold for $182,841 and mature in 20 years. The effective in Interest is paid semiannually on July 31 and January 31. LLC's fiscal year is effective interest rate method of amortization. Required: 1. Prepare the journal entry to record the bond issuance on February 1, 2018 (2 points). 2. Prepare the entry to record interest on July 31, 2018 (2 points). 3. Prepare the necessary journal entry on December 31, 2018 (2 points). 4. Prepare the necessary journal entry on January 31, 2019 (2 pointss). 5. Assuming that straight line interest rate amortization is used - Prepare journal entry on December 31, 2018 (1 point) and -Prepare journal entry on January 31, 2019 (1 point)
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