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CALCULATOR PRINTER VERSION BACK NER Stephanie Ram Corporation have a $760,000 'bond issue dated February 1, 2016 due in 10 years with an annual interest rate of 9%. Interest is payable February 1 and August 1. On April 1, 2016 the bond was sold for $677.400 plus accrued interest Using the straight-line method, prepare the general Journal entries for each of the following: a) The issuance of the bond on April 1, 2016, b) Payment of the semi-annual interest and the amortization of the discount on August 1, 2016. c) Accrual of the interest and the amortization of the discount on December 31, 2016 d) Payment of the semi-annual interest and the amortization of the discount on February 1, 2017 (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Do not use dollar signs (S) when entering amount. Te formatted numbers reflected in your final answers, you must enter your answers with commas. Round answers to 2 decimal places, e.g. 5,275.25.) Date Account Titles and Explanation et 2016 677400 Apr. 11 Cash B T Discount on Bonds Payable : Bonds Payable Di nug. Sond Interest Expense D Discount on Bonds Payable : 6 380.33 T Bonds Payable 760000 Aug. 17 Bond Interest Expense 6388.33 Discount on Bonds Payable 688.33 q cash 5700 Dec. 31 T Bond Interest Expense BOILIJUO DOLI UPOPRODDO DOO 25533.33 T Discount on Bonds Payable: 2753.33 T Bond Interest Payable 22800 2017 Feb. Bond interest Expense T Bond Interest Payable 22800 T Discount on Bonds Payable) 1376.67 1 Cash 34200

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