Do not give answer in image Presented below are selected transactions on the books of Ayayai Foundry.July 1, 2022Dec. 31Jan. 1, 2023Jan. 2Dec. 31DateJuly 1, 2022Bonds payable with a par value of €916,800, which are dated January 1, 2022, are sold at 112.290 plus accruedinterest to yield 10%. They are coupon bonds, bear interest at 12% (payable annually at January 1), and matureJanuary 1, 2032. (Use interest expense account for accrued interest.)Prepare journal entries for the transactions above. (Round intermediate calculations to 5 decimal places, e.g. 1.25247 and final answers to2 decimal places, e.g. 38,548.37. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titlesare automatically indented when amount is entered. Do not indent manually.)Dec. 31, 2022Adjusting entries are made to record the accrued interest on the bonds, and the amortization of the proper amountof premium.Interest on the bonds is paid.Bonds of par value of €366,720 are called at 102 and extinguished.Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of premiumamortized.Account Titles and ExplanationCashBonds payableInterest ExpenseInterest ExpenseInterest Payable(To record the interest)Debit1019747.47110016Credit964739.4550011001

Name: Do not give answer in image Presented below are selected transactions
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Do not give answer in image Presented below are selected transactions on the books of Ayayai Foundry.July 1, 2022Dec. 31Jan. 1, 2023Jan. 2Dec. 31DateJuly 1, 2022Bonds payable with a par value of €916,800, which are dated January 1, 2022, are sold at