93%) 1:18 ANM ezto.mheducation.com Problem 10-7AB Effective interest: Amortizati

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93%) 1:18 ANM ezto.mheducation.com Problem 10-7AB Effective interest: Amortization of bond discount LO P1, P6 Legacy issues $720,000 of 6.5%, four-year bonds dated January 1, 2013, that pay interest semiannually on June 30 and December 31. They are issued at $683,649 and their market rate is 8% at the issue date 1. Prepare the January 1, 2013, journal entry to record the bonds' issuance view transaction list view general journal Journal Entry Worksheet Record the issue of bonds with a par value of $720,000 cash on January 1, 2013 at an issue price of $683,649 Date General Journal Debit Credit Jan. 1,2013 *Enter debits before credits record entry 2 Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. (Do not round intermediate calculations.) Total bond interest expense o Amount repaid: ver life of bonds payments of Par value at maturity Total repaid Less amount borrowed Total bond interest expense

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93%) 1:18 ANM ezto.mheducation.com Problem 10-7AB Effective interest: Amortizati

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