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Question: b the amount of discount to be amortized for the...

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B. The amount of discount to be amortized for the first semiannual interest payment using the interest method. (Round to the nearest dollar) C. The amount of discount to be amortized for the second semiannual interest payment perio using the interest method. (Round to the nearest dollar) D. The amount of the bond interest expense for the first year. oblems: Series A Obj. 2 ket the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar yea PR 11-1A Bond discount, entries for bonds payable transactions On July 1, Year 1, Danzer Industries Inc. issued $40,000,000 of 10-year, 7% bonds at a mar (effective) interest rate of 8%, receiving cash of $37,282,062. Interest on /3. S 1,535,897 GENERAL LEDGER Instructions 1. Journalize the entry to record the amount of cash procee ds from the issuance of the bonds on July 1, Year 1. 2. Journalize the entries to record the following: A. The first semiannual interest payment on December 31, Year 1, and the amortization o the bond discount, using the straight-line method. (Round to the nearest dollar.) B. The interest payment on June 30, Year 2, and the amortization of the bond discount, using the straight-line method. (Round to the nearest dollar.)

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