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JOE issues 2 year semi annual bonds at with par value $102,000 8% annual contract...

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Accounting

JOE issues 2 year semi annual bonds at with par value $102,000 8% annual contract rate for $95,484 on December 31st 2015 What will be the total interest on the bonds

VALUE RATE PAYMENTS INTEREST 102000 0.08 DISC DISC ON B.P. INT EXPENSE

Show the entry to record the sale of the bonds CASH DISC BP

Show what the interest payments will be INT EXP DISC CASH What will total interest expense be at end of two years_______________

Show the final entry to pay off the bond BP CASH

Bond Issue Premium straight line method

JOE issues 2 year semi annual bonds at with par value $102,000 8% annual contract rate for $108,516 on December 31st 2015 What will be the total interest on the bonds VALUE RATE PAYMENTS INTEREST 102000 0.08 PREMIUM INTEREST EXPENSE

Show the entry to record the sale of the bonds CASH PREM BP

Show what the interest payments will be INT EXP PREM CASH

Show total interest expense at end of two years _________________ Show the final entry to pay off the bond BP CASH

Show the final entry to pay off the bond

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