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(Solved): On June 30,2025 , John Johnson Company issued $4,880,000,00 face value of 13%,20-year bonds at $5,2 ...




On June 30,2025 , John Johnson Company issued \( \$ 4,880,000,00 \) face value of \( 13 \%, 20 \)-year bonds at \( \$ 5,247,1
On June 30,2025 , John Johnson Company issued face value of -year bonds at , a yield of Johnson uses the effective-interest method to amortize bond premlum or discount. The bonds pay semiannual interest on June 30 and -December 31 Click here to view factor tables. (a) Prepare the journal entries thecord the following transactions. (Round answer to 2 decimal ploces, eg. 38, 548.25. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent marually. List oll debit entries before credit entries.) 1. The issuance of the bonds on June . 2. The payment of interest and the amortization of the premium on December . 3. The payment of interest and the amortization of the premium on June . 4. The payment of interest and the amortization of the premium on December 31,2026 .


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Amortization schedule has been prepared as under:Amort chartDateCash intInt.expPremiumUnamortCarrying amortizedPremiumvalue of bonds30.06.253671205247
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