On june 30, danver limited issues 8 %, 20-year bonds payable with a face value of $ 80 comma 000. the bonds are issued at 88 and pay interest on june 30 and december 31. (assume bonds payable are amortized using the straight-line amortization method.) requirements 1. journalize the issuance of the bonds on june 30. 2. journalize the semiannual interest payment and amortization of the bond discount on december 31. requirement 1. journalize the issuance of the bonds on june 30. (record debits first, then credits. select explanations on the last line of the journal entry.) date accounts and explanation debit credit jun. 30 requirement 2. journalize the semiannual interest payment and amortization of the bond discount on december 31. (record debits first, then credits. select explanations on the last line of the journal entry.) date accounts and explanation debit credit dec. 31

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.