Your answer is partially correct. On January $1,2025,$ Windsor Company sold $12\%$ bonds having a maturity value of $$550,000\mathrm{.}00$ for $$591,698\mathrm{.}14,$ which provides the

bondholders with a $10\%$ yield. The bonds are dated January $1,2025,$ and mature January $1,2030,$ with interest payable December $31$

of each year. Windsor Company allocates interest and unamortized discount or premium on the effective$-$interest basis.

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$($a$)$

Your answer is correct.

Prepare the journal entry at the date of the bond issuance. $($Round answer to $2$ decimal places, e$.$g$.38,548\mathrm{.}25.$ If no entry is required,

select $"$No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is

entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select $"$No entry" for the account titles

and enter $0$ in the respective debit and credit fields.$)$

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List of Accounts

$($b$)$

Your answer is correct.

Prepare a schedule of interest expense and bond amortization for $2025-2027.($Round answer to $2$ decimal places, e$.$g$.38,548\mathrm{.}25.)$

Attempts: $1$ of $3$ used

Prepare the journal entry to record the interest payment and the amortization for $2025.($Round answer to $2$ decimal places, e$.$g$.$

$38,548\mathrm{.}25.$ If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. Credit account titles are

automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is

required, select $"$No entry" for the account titles and enter $0$ in the respective debit and credit fields.$)$

List of Accounts

$($d$)$

Your answer is incorrect.

Prepare the journal entry to record the interest payment and the amortization for $2027.($Round answer to $2$ decimal places, e$.$g$.$

$38,548\mathrm{.}25.$ If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. Credit account titles are

automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is

required, select $"$No entry" for the account titles and enter O in the respective debit and credit fields.$)$

List of Accounts