Review the following transactions of Lamothe Communications, Inc,.: Requirement 1. Journalize the transactions of Lamothe Communications Inc.

Review the following transactions of Lamothe Communications, Inc,.:

 

 

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Requirement 1. Journalize the transactions of Lamothe Communications Inc. (Record debits first, then credits. Exclude explanations from any journal entries.) January 1, 2018: Issued $3,000,000 of 9%, 10-year bonds payable at 96. Interest payment dates are July 1 and January 1. Journal Entry Date Accounts Debit Credit 2018 Jan 1 July 1, 2018: Paid semiannual interest and amortized bond discount by the straight-line method on the 9% bonds payable. Journal Entry Date 2018 Accounts Debit Credit Jul 1 Requirement 1. Journalize the transactions of Lamothe Communications Inc. (Record debits first, then credits. Exclude explanations from any journal entries.) January 1, 2018: Issued $3,000,000 of 9%, 10-year bonds payable at 96. Interest payment dates are July 1 and January 1. Journal Entry Date Accounts Debit Credit 2018 Jan 1 July 1, 2018: Paid semiannual interest and amortized bond discount by the straight-line method on the 9% bonds payable. Journal Entry Date 2018 Accounts Debit Credit Jul 1

Answer rating: 100% (QA)

Solution Description Debit Credit 1 1Jan Cash 288000000 2018 D... View the full answer