Question: please help with b! On June 30,2025 , Jason Allen Company issued $3,400,000,00 face value of 13%,20-year bonds at $3,655,780.00, a yield of 12%. Allen

please help with b! please help with b! On June 30,2025 , Jason Allen Company

12%. Allen uses the effective-interest method to amortize bond premium or discount.

On June 30,2025 , Jason Allen Company issued $3,400,000,00 face value of 13%,20-year bonds at $3,655,780.00, a yield of 12%. Allen uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31 . Click here to view factor tables. (a) Your answer is correct. Prepare the journal entries to record the following transactions. (Round answer to 2 decimal places, es. 38,548.25. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit occount titles are automatically indented when the amount is entered, Do not indent manually. List all debit entries before credit entries.) 1. The issuance of the bonds on June 30,2025. 2. December 31,2025 Interest Expense Debit \begin{tabular}{l} 1. June 30,2025 \\ Bonds Payable \\ Premium on Bonds Payable \\ \hline \end{tabular} Premium on Bonds Payable Cash 3. June 30,2026 Interest Expense Premium on Bonds Payable Cash Show the proper balance sheet presentation for the liability for bonds payable on the December 31, 2026, balance sheet. (Round answers to 2 decimal places, es. 38,548.25.)

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