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Unformatted text preview: Change facts to Semi-annual interest paid June 30 and December 31. Note: for 10-11B parts a and b only. Problem 10-11B Journal Entries Accounts Dr Cr Balance sheet presentation: Semiannual Interest date Cash Interest Interest Expense Discount or Premium Amortization Discount or Premium Account Balance Bond Carrying Value 1/1/2007 $299,678.00 $1,900,322.00 6/30/2007 12/31/2007 6/30/2008 12/31/2008...
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- DR CR, $1,572,048.00, $1,900,322.00, $172,048.00, $299,678.00