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G H 3 D On June 1, 2020, the Seltzer Bottle Company sold $400,000 long-term...

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Accounting

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G H 3 D On June 1, 2020, the Seltzer Bottle Company sold $400,000 long-term bonds for $331,180. The bonds will mature in 10 years and pay interest semi-annually every June 1 and December 1. The bonds are to be accounted for under the effective interest method. The staff accountant ha correctly prepared the following amortization schedule data. Use this data to answer the required: 4 5 6 Date Interest expense 7 8 1-Jun-20 1-Dec-20 1-Jun-21 1-Dec-21 1-Jun-22 19,871 19,983 20,102 20,228 Amortization Interest Payment amount + 18,000 1,871 18,000 1,983 18,000 2,102 18,000 2,228 Carrying value 331,180 333,051 335,034 337,136 339,364 REQUIRED: (1). Prepare the journal entry on December 1, 2020. Use the drop-down boxes for account names. List deblts before credits. Date Account Title Debit Credit Dec. 1/20 ). Prepare the journal entry on March 31, 2021, the year-end for Seltzer Bottle Company. Use the drop-down boxes for account nam ch line to the nearest whole dollar (0 decimals). List debits listed before credits Date Account Title Debit Credit r. 31/21 *USE THE OUND Each ROUND "ine to o FORMULA ecimals

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