same question different journal entry

Xonic Corporation issued $8 million of 20-year, 8 percent bonds on April 1, 2021, at 102. Interest is paid on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2041 Xonic's fiscal year ends on December 31. Prepare the following journal entries a. April 1, 2021, to record the issuance of the bonds. b. September 30, 2021, to pay interest and to amortize the bond premium c. March 31, 2041, to pay interest, amortize the bond premium, and retire the bonds at maturity (make two separate entries). Assume an adjusting entry was made on December 31, 2040, to recognize interest from October 1 to December 31 d. What is the effect of amortizing the bond premium on (1) annual net income and (2) annual net cash flow from operating activities [ignore possible income tax effects) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars not in millions.) Complete this question by entering your answers in the tobs below. Reg Atoc Reg D a. April 1, 2021, to record the issuance of the bonds. b. September 30, 2021, to pay interest and to amortize the bond premium c. March 31, 2041, to pay interest, amortize the bond premium, and retire the bonds at maturity (make two separate entries). Assume on adjusting entry was made on December 11, 2040, to recognize interest from October 1 to December 31. Show less View transaction list Journal entry worksheet 2 3 Record the issuance of bonds. Date General Journal Debit Credit 20 X Classes X + ucation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fnewconnect.mheducati be e Maps Online Services Fo... Papa's Scooperia- Saved Reg A to C Reg D a. April 1, 2021, to record the issuance of the bonds. b. September 30, 2021, to pay interest and to amortize the bond premium. c. March 31, 2041, to pay interest, amortize the bond premium, and retire the bonds at maturity (make two separate an adjusting entry was made on December 31, 2040, to recognize interest from October 1 to December 31. View transaction list Journal entry worksheet c. March 31, 2041, to pay interest, amortize the bond premium, and retire the bonds at maturity (make two se an adjusting entry was made on December 31, 2040, to recognize interest from October 1 to December 31. View transaction list Journal entry worksheet G Record the bond interest and amortize bond premium. Note: Enter debits before credits. Date General Journal Debit Credit Sep 30, 2021 Record entry Clear entry View general journal ReqD> Saved Req A to C Reg D a. April 1, 2021, to record the issuance of the bonds b. September 30, 2021, to pay interest and to amortize the bond premium. c. March 31, 2041, to pay interest, amortize the bond premium, and retire the bonds at maturity (make two sepa an adjusting entry was made on December 31, 2040, to recognize interest from October 1 to December 31. View transaction list Journal entry worksheet Reg A to C Reg D a. April 1, 2021, to record the issuance of the bonds. b. September 30, 2021, to pay interest and to amortize the bond premium. c. March 31, 2041, to pay interest, amortize the bond premium, and retire the bonds at maturity (make two separate entrie an adjusting entry was made on December 31, 2040, to recognize interest from October 1 to December 31. View transaction list Journal entry worksheet Saved Xonic Corporation issued $8 million of 20-year, 8 percent bonds on April 1, 2021, at 102. Interest is paid on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2041 Xonic's fiscal year ends on December 31 Prepare the following journal entries 6. April 1, 2021, to record the issuance of the bonds b. September 30, 2021, to pay interest and to amortize the bond premium c. March 31, 2041, to pay interest, amortize the bond premium, and retire the bonds at maturity (make two separate entries). Assume an adjusting entry was made on December 31, 2040, to recognize interest from October 1 to December 31 d. What is the effect of amortizing the bond premium on (1) annual net income and (2) annual net cash flow from operating activities (Ignore possible income tax effects) Olf no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in dollars not in millions.) Complete this question by entering your answers in the tabs below. Reg A to Reg D What is the effect of amortizing the bond premium on (1) annual net income and (2) annual net cash flow from operating activities (Ignore possible income tax effects.) (1) Effect on annual net income (2) Effect on annual net cash flow from operating activities c. March 31, 2041, to pay interest, amortize the bond premium, and retire the bonds at maturity (make two se an adjusting entry was made on December 31, 2040, to recognize interest from October 1 to December 31. View transaction list Journal entry worksheet G Record the bond interest and amortize bond premium. Note: Enter debits before credits. Date General Journal Debit Credit Sep 30, 2021 Record entry Clear entry View general journal ReqD> Saved Req A to C Reg D a. April 1, 2021, to record the issuance of the bonds b. September 30, 2021, to pay interest and to amortize the bond premium. c. March 31, 2041, to pay interest, amortize the bond premium, and retire the bonds at maturity (make two sepa an adjusting entry was made on December 31, 2040, to recognize interest from October 1 to December 31. View transaction list Journal entry worksheet Reg A to C Reg D a. April 1, 2021, to record the issuance of the bonds. b. September 30, 2021, to pay interest and to amortize the bond premium. c. March 31, 2041, to pay interest, amortize the bond premium, and retire the bonds at maturity (make two separate entrie an adjusting entry was made on December 31, 2040, to recognize interest from October 1 to December 31. View transaction list Journal entry worksheet Saved Xonic Corporation issued $8 million of 20-year, 8 percent bonds on April 1, 2021, at 102. Interest is paid on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2041 Xonic's fiscal year ends on December 31 Prepare the following journal entries 6. April 1, 2021, to record the issuance of the bonds b. September 30, 2021, to pay interest and to amortize the bond premium c. March 31, 2041, to pay interest, amortize the bond premium, and retire the bonds at maturity (make two separate entries). Assume an adjusting entry was made on December 31, 2040, to recognize interest from October 1 to December 31 d. What is the effect of amortizing the bond premium on (1) annual net income and (2) annual net cash flow from operating activities (Ignore possible income tax effects) Olf no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in dollars not in millions.) Complete this question by entering your answers in the tabs below. Reg A to Reg D What is the effect of amortizing the bond premium on (1) annual net income and (2) annual net cash flow from operating activities (Ignore possible income tax effects.) (1) Effect on annual net income (2) Effect on annual net cash flow from operating activities