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Ike issues $200,000 of 9%, three-year bonds dated January 1, 2019, that pay interest semiannually...

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Accounting

Ike issues $200,000 of 9%, three-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $205,239. When the market rate is 8%.

Please show both straight line method and effective interest

4. Prepare the journal entries to record the first two interest payments.

image

image

CLIC JUUTIOI CILIES VTECOIL e USt IWO Interest bavments w transaction list ournal entry worksheet Record the first interest payment on June 30. Hote: Enter debits before credits. Date General Journal Debit Credit June 30 Record entry Clear entry View generalj Prev Of pare the journal entries to record the first two interest payments. ew transaction list Journal entry worksheet Record the second interest payment on December 31. Note: Enter debits before credits. General Journal Debit Credit Date December 31 ELEMENTEN BELI MIM TTTT TTTT Record entry ear entry View gener TIK ER

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