QUESTION 1 (30 POINTS) Sesame Company issued TL 80.000 of 16%, 5 year bonds at...
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QUESTION 1 (30 POINTS) Sesame Company issued TL 80.000 of 16%, 5 year bonds at TL 85.594 on January 1, 2014. Interest is paid semiannually, and the effective interest method is used for amortization. The market interest rate for similar bonds is 14%. a. Prepare first three lines of the schedule of amortization. (15 points) Interest Payment Periods Interest Expense Cash Interest Paid Unamortized Carrying Premium Value Amortization Issue Date 2 b. Prepare the journal entries for the following dates, Journal for January 1, 2014, the issue dots 5 Points) Date Account Title and Description Debit Credit Jamal for July 2014 test vast date out Debit Credit Date Account Title And Description 2 b. Prepare the journal entries for the following dates. Journal for January 1, 2014, the issue date (5 Points): Date Account Title and Description Debit Credit Journal for July 1, 2014. 1 interest payment date 5 Points: Date Account Title and Description Debit Credit Journal for January 1, 2015, 20 interest payment date 5 points) Debit Credit Date Account Title and Description
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