Question: S9-5. (Learning Objective 1: Determine bonds payable amounts with a premium; amortize bonds using the straight-line method) Windsor Company borrowed money by issuing $3.000,000 of

S9-5. (Learning Objective 1: Determine bonds payable amounts with a premium;

S9-5. (Learning Objective 1: Determine bonds payable amounts with a premium; amortize bonds using the straight-line method) Windsor Company borrowed money by issuing $3.000,000 of 6% bonds payable at 102.9 on July 1, 2018, The bonds are five-year bonds and pay interest each January I and July 1. 1 1. How much cash did Windsor receive when it issued the bonds payable? Journalize this transaction 2. How much must Windsor pay back at maturity? When is the maturity date? 3. How much cash interest will Windsor pay each six months? amortization method. Journalize the entries for the accrual of interest and the amortization of premium on December 31, 2018, and the payment of interest on January 1,2019

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