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Please solve the problem and show work . Subject ACC 203. Thanks Chapter 13 Homework...

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Accounting

Please solve the problem and show work . Subject ACC 203. Thanks Chapter 13 Homework with Video Assistance
Question 1 of 6
-16
Lisa Anderson Company issued $516,000 of 10%,20-year bonds on January 1,2025, at 102. Interest is payable semiannually on July 1 and January 1. Lisa Anderson Company uses the effective-interest method of amortization for bond premium or discount. Assume an effective yield of 9.7705%.
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Prepare the journal entries to record the following. (Round intermediate calculations to 6 decimal places, e.g.1.251247 and final answer to 0 decimal places, e.g.38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)
a. The issuance of the bonds.
b. The payment of interest and related amortization on July 1,2025.
c. The accrual of interest and the related amortization on December 31,2025.
Date
Account Titles and Explanation
Debit
Credit
image

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