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Journalize the semiannual interest payment on December

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Question - On June? 30, Police Company issues 5%?, five?-year bonds payable with at face value of $100,000. The bonds are issued at face value and pay interest on June 30 and December 31.

Journalize the semiannual interest payment on December 31.

On June? 30, Daughtry Limited issues 5%?, ?20-year bonds payable with a face value of $70,000. The bonds are issued at 86 and pay interest on June 30 and December 31. ?(Assume bonds payable are amortized using the? straight-line amortization? method.)

Journalize the issuance of the bonds on June 30.

Journalize the semiannual interest payment and amortization of the bond discount on December 31.

On January? 1, 2024?, Christopher Unlimited issues 9?%, 10?-year bonds payable with a face value of $240,000. The bonds are issued at 105 and pay interest on June 30 and December 31.

Journalize the issuance of the bonds on January? 1, 2024?

Oceanview Magazine issued $660,000 of? 15-year, 8% callable bonds payable on July? 31, 2024?, at 97. On July? 31, 2027?, Oceanview called the bonds at 104. Assume annual interest payments

Without making journal? entries, compute the carrying amount of the bonds payable at July? 31, 2027.

Assume all amortization has been recorded properly. Journalize the retirement of the bonds on July?31, 2027.

Reference no: EM132884236

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