.. . Cengage i: CengageNOWy2] Onl × | e Chegg Study | Guided Sol b 14.2 Issuing

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.. . Cengage i: CengageNOWy2] Onl × | e Chegg Study | Guided Sol b 14.2 Issuing Bonds at a Fa a Samsung Galaxy S9 Plus V + O v2 cengageno con ilm takeAss gnment take ssignmentain doinvoker-assignments takeAssignmentsess on ocator-assignment t Ch 14-2 Practice Exercises eBook Show Me How Calculator Print item Premlum Amortization On the first day of the fiscal year, a company issues a $3,000,000, 996, 4-year bond that pays semiannual interest of $135,000 ($3,000,000 x 9% x ), receiving cash of $3,100,992. Journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar. If an amount box does not require an entry, leave t blank 1. PE. 14-01.ALGO 2. PE.14-02.ALGO 3. PE.14-03.ALGO 4. PE.14-04.ALGO 5. PE.14-05.ALGO 6. PE.14-06.ALGO 7. PE.14-07.ALGO 8. PE.14-08.ALGO 9. PE. 14-09.ALGO Check My Work 2 more Check My Work uses remalning Previous Next Progress: 6/9 items Assignment Score: 0.0% Email Instructor Save and Exit Submit Assignment for Grading 9:43 PM Type here to search /19/2018 2

Explanation / Answer

Interest expense 122376 Premium on Bonds payable 12624 =(3100992-3000000)/8 Cash 135000

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