please help me provide complete and correct answer for all requirements with all working for all parts answer in text please answer correct please remember answer all requirements or skip /leave for other expert thanks million thanks please double underline need answer for all requirements or skip please do not waste time or question by giving incomplete or incorrect answer please no copy paste from other answer 2. Provide the journal entries for interest expense for 20X2 assuming the effective interest method of amortization (If no entry isrequired for a transaction/event, select "No journal entry required" in the first account field. Round time value factor to 5 decimalplaces. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)Journal entry worksheetRecord the rest expenceNeeds befoDecemberJournal entry worksheetGeneral Jel1 Povide the journal entries for interest expense for 2012 assuming the straight-line method of amortization ( no entry is requiredfor a transactie select "No journal entry required in the first account field. Round time value factor to 5 decimal places. Denot round intermediate calculations. Round your final aarest whole doller amount.)Record the expensedeIramachanJune 30Central JelTransactDecember 3Journal entry worksheetRecord the interest expenseProvide the journal entries for interest expense for 20X2 assuming the straight-line method of amortization of no entry is requiredor a transaction/event, select "No journal entry required" in the first account field. Round time value factor to 5 decimal places. Dohot round intermediate calculations. Round your final answers to the nearest whole dollar amount)General JestalDebiwwwwwwwwwwwwwCryDebCreditCDebitCredit Loschiavo Ltd was authorized to issue $1,000,000 of 5-year, 8% bonds payable on 1 January 20X2 The bonds are due on 31December 20X6. Interest payments dates were 30 June and 31 December. The bond was sold to yield 10%Required:1 Provide the journal entry for issuance of the bond. (If no entry is required for a transaction/event, select "No journal entryrequired" in the first account field. Round time value factor to 5 decimal places. Do not round intermediate calculations. Round yourfinal answers to the nearest whole dollar amount.)View transaction list View journal entry worksheetNo1TransactionView transaction list<1Journal entry worksheetCashDiscount2Bond payable2. Provide the journal entries for interest expense for 20X2 assuming the effective interest method of amortization (If no entry isrequired for a transaction/event, select "No journal entry required" in the first account field. Round time value factor to 5 decimalplaces. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)TransactionJune 30Record the interest expense.Note: Enter debits before credits+Record entryGeneral JournalGeneral JournalClear entryDebitCreditDebitView general journal922,77977,221Credit1,000,000

The bonds can be issued at discount, the issue price is lower than the face value when the bonds…

Loschiavo Ltd was authorized to issue $1,000,000 of 5-year, 8% bonds payable on 1 January 20X2 The bonds are due on 31 December 20X6. Interest payments dates were 30 June and 31 December. The bond was sold to yield 10% Required: 1 Provide the journal entry for issuance of the bond. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Round time value factor to 5 decimal places. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) View transaction list View journal entry worksheet No 1 Transaction 1 Cash Discount Bond payable General Journal Debit 922.779 77 221 Credit

Loschiavo Ltd was authorized to issue $1,000,000 of 5-year, 8% bonds payable on 1 January 20X2 The bonds are due on 31 December 20X6. Interest payments dates were 30 June and 31 December. The bond was sold to yield 10% Required: 1 Provide the journal entry for issuance of the bond. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Round time value factor to 5 decimal places. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) View transaction list View journal entry worksheet No 1 Transaction 1 Cash Discount Bond payable General Journal Debit 922.779 77 221 Credit

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 5PB: Dixon Inc. issued bonds with a $500,000 face value, 10% interest rate, and a 4-year term on July 1,...

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