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Orbit Company issued a $60,000 7% 10-year bond payable at 96 on January 1 2018

Orbit Company issued a $60,000, 7%, 10-year bond payable at 96 on January 1, 2018. Interest is paid semiannually on January 1 and July 1 Read the requirements. Requirement 1. Journalize the issuance of the bond payable on January 1, 2018. (

Record debits i Requirements Cred Date Accounts and Explanation Debit 2018 1. Journalize the issuance of the bond payable on January 1, 2018. 2. Journalize the payment of semiannual interest and amortization of the bond discount or premium on July 1, 2018. Jan. 1 Bonds Payable Cash Print Done Discount on Bonds Payable Interest Expense Requireme Premium on Bonds Pavable straight-line amortization method. Record debits first, then credits. Select explanations on the last line of the journal entry. Round your answers to the nearest whole dollar.) rtization of the bond discount premium on July 1, 2018. (

Assume bonds payable are amortized using the Date Accounts and Explanation Debit Credit 2018 Jul. 1 the next question Choose from any list or enter any number in the input fields and then continue Orbit Company issued a $60,000, 7%, 10-year bond payable at 96 on January 1, 2018. Interest is paid semiannually on January 1 and July 1 Read the requirements, Requirement 1. Journalize the issuance the bond payable on January 1, 2018. (

Record debits first, then credits. Select explanations on the last line of the jounal entry.) Date Accounts and Explanation Debit Credit 2018 Jan. 1 Requireme rtization of the bond discount or premium on July 1, 2018. (Assume bonds payable are amortized using the explanations on the last line of the journal entry. Round your answers to the nearest whole dollar.) straight-line Issued bonds at a discount. Issued bonds at a premium. Issued bonds at face value.

Date Debit Credit Paid semiannual interest and amortized discount 2018 Paid semiannual interest and amortized premium. Jul. 1 Retired bonds payable at maturity. Choose from any list or enter any number in the input fields and then continue to the next question.

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