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1.) Littlefield Industries purchased a bond on September 1 of the current year for? $200,000 and...

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Accounting

1.) Littlefield Industries purchased a bond on September 1 ofthe current year for? $200,000 and classified the investment astrading debt. The market value of the trading debt investment at?year-end is? $196,000. The adjustment is? ______.

2.) On January? 1, 2019, Commercial Equipment Sales issued$36,000 in bonds for $19,700. These are six?year bonds with astated interest rate of 9?%, and pay semiannual interest on June 30and December 31. Commercial Equipment Sales uses the straight-linemethod to amortize the Bond Discount. What amount is debited toInterest Expense on June? 30, 2019?

3.) A $$33,000?, three- ?month, 1212?% note payable was issuedon December? 1, 2018. What is the amount of accrued interest onDecember? 31, 2018?? (Do not round any intermediate? calculations,and round your final answer to the nearest? dollar.)

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