Unit 5 Assignment

Question 11.a&b

11b

c&d

The Data / question

Prepare the journal entry to record the issuance of the bonds on January 1.2022. (Credit account titles are automatically indented when amount is entered. Do not ir eindent manually Date Account Titles and Explanation Debit Credit Jan 1 2022 eTextbook and Media List of Accounts Save for Later Attempts:0 of 5 used Submit Answer (b) Prepare a bond premium amortization schedule for the first interest periods Annual Interest Periods Interest to Be Pald Interest Expense to Be Recorded Premium Amortization Unamorti Issue date 1 2 3 UN eTextbook and Media List of Accounts Sve forte Attempts: of 5 used Submit Answer (b) Prepare a bond premium amortization schedule for the first 4 interest periods. Interest Expense to Be Recorded Premium Amortization Unamortized Premium Bond Carrying Value S $ $ eTextbook and Media List of Accounts Sav forlater Attempts: 0 of 5 used Submit Answer Prepare the journal entries for interest and the amortization of the premium in 2022 and 2023. auntiere automatically indented when amounts entered Do not indent manually Record journal entries in the order presented in the problem Date Account Titles and Explanation Debit eTextbook and Media List of Accounts Savera Attempts: 0 of 5used Submit (d Show the balance sheet presentation of the bond liability at December 31, 2022 (Enter account nomearly and do not provide descriptive information) Wildhorse Electric Balance Sheet(Partia V eTextbook and Media Wildhorse Electric sold $3.900.000.8%, 10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interest annually on January 1. Wildhorse Electric uses the straight-line method to amortize bond premium or discount. The bonds were sold at 102