(a) Prepare an amortization table for these bonds; use the straight-line method to amortize the premium. Then prepare journal entries to record b) the issuance of bonds on december 31,2018 (c) The first through fourth interest payments on each June 30 and December 31; and (d) The maturity of the bond on December 31, 2020.

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A: Introduction: A journal entry is a recording of a business contract in the accounting system of a…

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A: The bonds are issued at premium when bonds' market rate is higher than the stated rate of interest.

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Q: On January 1, 2018, the Blue Sapphire Corporation issued P 8,000,000 bonds. The bonds pay interest…

A:

Q: Problem 1: On January 1, 2011, an entity issues bonds with face amount of P5,000,00 for P5,733,129.…

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A:

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A: Answer with all calculation are as follows