Question: please, fill out these two tables below. On April 1, 2021, Western Communications, Inc., issued 12% bonds, dated March 1, 2021, with face amount of

please, fill out these two tables below.

please, fill out these two tables below. On April 1, 2021, WesternCommunications, Inc., issued 12% bonds, dated March 1, 2021, with face amount

of $31 million. The bonds sold for $30.3 million and mature on

February 28, 2024. Interest is paid semiannually on August 31 and February

On April 1, 2021, Western Communications, Inc., issued 12% bonds, dated March 1, 2021, with face amount of $31 million. The bonds sold for $30.3 million and mature on February 28, 2024. Interest is paid semiannually on August 31 and February 28. Stillworth Corporation acquired $31,000 of the bonds as a long-term investment. The fiscal years of both firms end December 31, and both firms use the straight-line method. Required: 1. Prepare the journal entries to record (a) issuance of the bonds by Western and (b) Stillworth's investment on April 1, 2021. 2. Prepare the journal entries by both firms to record all subsequent events related to the bonds through maturity. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Western Req 2 Stillworth Prepare the journal entries for Western Communications, Inc., to record all subsequent events related to the bonds through maturity. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) No General Journal Debit Credit 1 Date August 31, 2021 Interest expense Interest payable Cash >>> 2 December 31, 202 Interest expense Discount on bonds payable Interest payable O 3 February 28, 2022 Interest expense Interest payable Discount on bonds payable 4 August 31, 2022 Interest expense Discount on bonds payable Cash 5 December 31, 202 Interest expense Discount on bonds payable Interest payable 6 February 28, 2023 Interest expense Interest payable Discount on bonds payable Cash 7 August 31, 2023 Interest expense Discount on bonds payable Cash 00 8 December 31, 202 Interest expense Discount on bonds payable Interest payable 9 February 28, 2024 Interest expense Interest payable Discount on bonds payable Cash 10 February 28, 2024 Bonds payable Cash

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