Question: Presented below is a partial amortization schedule for Premium Foods: Cash Paid Period Issue Date Interest Expense Increase in Carrying Value Carrying Value $85, 940

Paid Period Issue Date Interest Expense Increase in Carrying Value Carrying Value

Presented below is a partial amortization schedule for Premium Foods: Cash Paid Period Issue Date Interest Expense Increase in Carrying Value Carrying Value $85, 940 85,378 84, 793 $4,000 4,000 $3,438 $562 3,415 585 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 Record the bond issue, Prov 17 18 19 Journal entry worksheet

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