There are 4 problems this week. Click on the tabs at the bottom of the spreadshe

There are 4 problems this week. Click on the tabs at the bottom of the spreadsheet to view each problem. For each of the bonds listed below, record the three requested journal entries. Dates and descriptions are not required. Invested $100,000 in 5-year bonds. The bonds were purchased at par and bear interest at a rate of 8% per annum, payable semiannually. (a) Prepare the journal entry to record the initial investment. (b) Prepare the journal entry that Dorchester would record on each interest date. No journal entries have been made to record monthly interest. (c) Prepare the journal entry that Dorchester would record at maturity of the bonds. The journal entry to record the final interest payment was made separately. Invested $100,000 of face amount of 5-year bonds. The bonds were purchased at 103, and bear interest at a stated rate of 8% per annum, payable semiannually. (a) Prepare the journal entry to record the initial investment. (b) Prepare the journal entry that Dorchester would record on each interest date. No journal entries have been made to record monthly interest. (c) Prepare the journal entry that Dorchester would record at maturity of the bonds. The journal entry to record the final interest payment was made separately. Invested $100,000 of face amount of 4-year bonds. The bonds were purchased at 98, and bear interest at a stated rate of 8% per annum, payable semiannually. (a) Prepare the journal entry to record the initial investment. (b) Prepare the journal entry that Dorchester would record on each interest date. No journal entries have been made to record monthly interest. (c) Prepare the journal entry that Dorchester would record at maturity of the bonds. The journal entry to record the final interest payment was made separately. For each of the items below, state if the lease is an operating lease or a capital lease Reminder: Lessor is the party that owns the item, Lessee is the party using the item Item 1 The lessee reports the leased asset on its balance sheet Item 2 Payments are reported fully as rent expense Item 3 Ownership of the property passes to the lessee by the end of the lease term Item 4 The lease term is at least 75% of the remaining life of the property Item 5 Interest expense is measured and reported by the lessee Item 6 Depreciation of the leased asset is not reported by the lessee Item 7 At the inception of the lease, the lessee records both an asset and liability Item 8 The lessee reports a liability for the present value of all future payments anticipated under the lease agreement Item 9 The lessor continues to report the tangible asset covered by the lease on its balance sheet Listed below are nine fixed asset transactions. Record the journal entries. Dates and descriptions are not required. The only account titles you will need are listed: Account titles: Cash Land Land Improvements Building Equipment Expense (determine expense account title) Prepaid account (determine full account title) Item 1 Paid $2,500 for one year insurance coverage on equipment Item 2 Paid $7,500 for trees and shrubs Item 3 Paid $500 attorneyโ€™s fees for document preparation related to land purchase Item 4 Item 5 Paid $150,000 for land and building. The land was separately valued at $40,000, and the building at $120,000. Hint โ€“ the cash is only $150,000 and the entry must balance. Paid $1,000 freight costs on purchase of new furniture Item 6 Paid $300 for staplers, trash cans, and desktop mats Item 7 Item 8 Ordered new $50,000 truck, to be delivered and paid for in the future Paid $10,000 of interest costs on loan on active building construction project Item 9 Paid $25,000 to expand parking lot paving Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8 Item 9 Depreciation Ace Specialties bought a delivery truck for $40,000 cash. The expected useful life is 5 years and the salvage value is $5,000. Ace uses a calendar year and the truck was purchased on July 1, 2015. Calculate the depreciation for each year using the straight line method and the double declining balance method. Show the journal entry for year one for the double declining balance method. Straight line method year depreciation remaining book value 2015 2016 2017 2018 2019 2020 2021 Double declining balance method year depreciation remaining book value account debit 2015 2016 2017 2018 2019 2020 2021 Journal Entry date 12/31/2015 credit