Problem 9-48 Part 22. If the market interest rate is 8 %, the bonds will issue at $1,742,930. Record the bond issue on January 1, 2021, and the first twosemiannual interest payments.on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event,select "No Journal Entry Required" In the first account fleld. Round your answers to the nearest dollar amount.)No1Required InformationProblem 9-4B Record bond issue and related interest (LO9-5)[The following information applies to the questions displayed below]Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2021, the company issues$1,870,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.23DateJanuary 01, 2021June 30, 2021Answer is not complete.General JournalCashDiscount on Bonds PayableBonds PayableDecember 31, 202 Interest ExpenseInterest ExpenseDiscount on Bonds PayableCashDiscount on Bonds PayableCash000000•***Debit1,742,930127,07069,717Credit1,870,000 NoProblem 9-48 Part 33. If the market interest rate is 6%, the bonds will issue at $2,009,104. Record the bond issue on January 1, 2021, and the first twosemiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event,select "No Journal Entry Required" In the first account field. Round your answers to the nearest dollar amount.)12Required InformationProblem 9-4B Record bond issue and related interest (LO9-5)[The following information applies to the questions displayed below]3Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2021, the company issues$1,870,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.DateJanuary 01, 2021 CashJune 30, 2021Bonds PayableAnswer is not complete.December 31, 202 Interest ExpenseGeneral JournalInterest ExpensePremium on Bonds PayablePremium on Bonds Payable♡33Debit2,009,104Credit1,870,000

AB ($1,870,000 * 7%*6/12)C (E*8%*6/12)D (B-C)EDateCash Paid Interest ExpenseIncrease in Carrying…

applies to the questions displayed below] Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2021, the company issues $1,870,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Problem 9-48 Part 2 2. If the market interest rate is 8%, the bonds will issue at $1,742,930. Record the bond issue on January 1, 2021, and the first two semiannual interest payments.on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account fleld. Round your answers to the nearest dollar amount.)

applies to the questions displayed below] Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2021, the company issues $1,870,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Problem 9-48 Part 2 2. If the market interest rate is 8%, the bonds will issue at $1,742,930. Record the bond issue on January 1, 2021, and the first two semiannual interest payments.on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account fleld. Round your answers to the nearest dollar amount.)

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 92PSB

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