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Remarkable Accountants Co. sells $ 5 comma 000 comma 000 of...

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Accounting

Remarkable Accountants Co. sells $ 5 comma 000 comma 000 of 8 year, 6% bonds priced to yield 5.6%. The bonds are dated and issued on January 1 comma 2023. Interest is payable on January 1 and July 1 each year. Remarkable 's year end date is June 30. prepare an amortization schedule for the bonds through the first two semi-annual interest periods. (Enter the semi-annual effective interest rate to two decimal places, X.XX%.)Required
Prepare journal entries to record:
a.
the issuance of the bonds.
b.
accrual of interest and related amortization on June30,2023
.
c.
payment of interest on July1,2023
.
d.
payment of interest and relate d amortization on January1,2024
.
(Use a financial calculator for any present value computations and round your final answers to the nearest dollar. Record debits first, then credits. Explanations are not required.)

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