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Review the following transactions of Lamore Communications, Inc.: (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize the transactions of Lamore Communications Inc. (Record debits first, then credits. Exclude explanations from any journal entries.) January 1, 2018: Issued $3,000,000 of 9%, 10-year bonds payable at 94. Interest payment dates are July 1 and January 1 Journal Entry Accounts Date Debit Credit 2018 Jan 1 Review the - X (Click t More Info Read the re Requireme - X 2018 Requirements Issued $3,000,000 of 9%, 10-year bonds payable at 94. Interest payment dates are July 1 and January 1 Jan 1 January 1, Jul 1 Paid semiannual interest and amortized bond discount by the straight-line method on the 9% bonds payable. 1 Journalize the transactions of Lamore Communications, Inc. Date Dec 31 Accrued semiannual interest expense and amortized the bond discount by the straight-line method on the 9% bonds payable. 2 At December 31, 2018, after all year-end adjustments have been made, determine the carrying amount of Lamore's bonds payable, net. For the six months ended July 1, 2018, determine the following for Lamore: a. Interest expense b. Cash interest paid 2018 2019 Jan 1 3. Paid semiannual interest Jan 1 2028 Paid the 9% bonds at maturity. Jan 1 What causes interest expense on the bonds to exceed cash interest paid? Print Done Print Done Choose fro

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