McGraw-Hill EducatChapter 14- Home X Secure l newconnect.rmheducation.com/flow/c

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McGraw-Hill EducatChapter 14- Home X Secure l newconnect.rmheducation.com/flow/connect.html Saved Help Sea hapter 14-Homework Dobbs Company issues 5%, two-year bonds, on December 31, 2017, with a par value of $105,000 and semiannual interest payments. (e) 12/31/2017 (1) 6/30/2018 (2) 12/31/2018 (3) 6/30/2019 (4) 12/31/2019 $6,180 4,575 3,e56 1,525 $ 98,900 100,425 101,950 103,475 105,000 8.5 points eBook Use the above straight-line bond amortization table and prepare journal entries for the following Hint Required: (a) The issuance of bonds on December 31, 2017 (b) The first through fourth interest payments on each June 30 and December 31 (c) Record the maturity of the bonds on December 31, 2019. Print Complete this question by entering your answers in the tabs below Required A Required B Required C The first through fourth interest payments on each June 30 and December 31. View transaction list View journal entry worksheet Mc Graw Ha Type here to search

Explanation / Answer

Solution a:

Solution b:

Solution c:

Journal Entries Date Particulars Debit Credit Dec 31,2017 Cash Dr $98,900.00 Discount on bond payable Dr $6,100.00               To Bond Payable $105,000.00 (Being issued of bond recorded)

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