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  3. 2. westview magazine neued 5300,000 of 15 year, 8%

2. Westview Magazine neued 5300,000 of 15 year, 8% catable bonds payable on July 31,...

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Accounting

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2. Westview Magazine neued 5300,000 of 15 year, 8% catable bonds payable on July 31, 2018, at 95. On July 31, 2021, Westview called the bonds at 102. Asume annual interest payments. Requirements Without making journal entries, compute the carrying amount of the bonds payable at July 31, 2021 Asume all amortization has been recorded property. Journal to the retirement of the bonds on July 31, 2021. No explanation is required Requirement 1. Without making journal entries, compute the carrying amount of the bonds payable at July 21, 2021. Assume bonds payable ar ardorized using the straight line amortization m First , complete the sentence below The carrying amount of the bonds payable at issuance (July 31, 2018) is The on the bonds at sunce amounts to The carrying amount of the bande payable at July 31, 2018 Requirement 2. Assume at amortization has been recorded property, Joumalize the retirement of the bonds on July 31, 2021. No explanation is required. Record debits first, then credita. Exclum Accounts 2021 Date Debit Credit JUL 31

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