Question: View Policies Current Attempt in Progress Hillier Electron microscopes Inc. issued $75.000.000 in eight-year bonds to finance the expansion of its electron microscope manufacturing facility

View Policies Current Attempt in Progress Hillier Electron microscopes Inc. issued $75.000.000 in eight-year bonds to finance the expansion of its electron microscope manufacturing facility in Brantford, Ontario. The bonds pay 5% interest semi-annually and were issued at 87.906 to yield 7%. Complete the following table. (Round answers to decimal places, eg. 125.) Interest Payment Interest Expense Amortization of Bond Discount Balance of Bond Discount Date Issuance $ Payment 1 $ $ $ Payment 2 e Textbook and Media List of Accounts Prepare the related journal entries for the first two interest payments. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to decimal places, e.g. 125.) No. Account Titles and Explanation Debit Credit Payment 1 Payment 2 Hillier Electron Microscopes Inc issued $75.000.000 in eight-year bonds to finance the expansion of its electron microscope manufacturing facility in Brantford, Ontario. The bonds pay 5% interest semi-annually and were issued at 87.906 to yield 7%. Complete the following table. (Round answers to decimal places, eg. 125.) rest ense Amortization of Bond Discount Balance of Bond Discount Carrying Value of Bonds $ $ $ eTextbook and Media List of Accounts Prepare the related journal entries for the first two interest payments. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry"for the account titles and enter for the amounts. Round answers to decimal places, eg. 125.) Account Titles and Explanation Debit Credit No. Payment 1 Payment 2 e Textbook and Media Prepare the related journal entries for the first two interest payments. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to decimal places, e.g. 125.) Debit Credit No. Account Titles and Explanation Payment 1 Payment 2 eTextbook and Media List of Accounts What is the carrying value of the bonds one year after issuance (that is, after the second semi-annual payment)? (Round answers to O decimal places, eg. 125.) $ Carrying Value of the Bonds eTextbook and Media List of Accounts

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