Question: Presented below is a partial amortization schedule for Premium Foods cash Paid Period Issue Date Interest Expense Decrease in Carrying Value Larrying Value S85/952 95

Presented below is a partial amortization schedule for Premium Foods cash

Presented below is a partial amortization schedule for Premium Foods cash Paid Period Issue Date Interest Expense Decrease in Carrying Value Larrying Value S85/952 95 730 85,502 2 $2,800 2,800 $2,579 2,572 $ 221 228 Required: 1. & 2. Record the bond issue assuming the face value of bonds payable is $80,000 and first interest payment. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 2 Record the bond issue. Note Enter debits bullora cred! Event General Journal Debit Credit Record entry Clasantry View general Journal

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