Powell Company issued a $1,200,000, 7 %, 10-year bond payable at face value on January 1, 2018. Interest is paid semiannually on January 1 and July 1. Requirements
1. Journalize the issuance of the bond payable on January 1, 2018.
2. Journalize the payment of semiannual interest on July 1, 2018.

1.Dr Cash 1,200,000

Cr Bonds Payable 1,200,000

2. Dr Interest Expense 42,000

Cr Cash 42,000

Explanation:

1. Preparation of the Journal entry to record the issuance of the bond payable on January 1, 2018.

Since the company issued the amount of $1,200,000 this means that the transaction will be recorded as:

January 1 2018

Dr Cash 1,200,000

Cr Bonds Payable 1,200,000

( To record Issued bonds at par)

2. Preparation of the Journal entry to record the payment of semiannual interest on July 1, 2018.

Since the company issued the amount of $1,200,000 with 7 %, and 10-year bond payable at face value, this means the transaction will be recorded as;

July 1 2018

Dr Interest Expense 42,000

Cr Cash 42,000

($1,200,000 × 0.07 × 6/12)

(To record paid semiannual interest payment)

start by isolating the variable on one side by adding 43w^2 to both sides.   the equation will read:

25w^2+5=0

*subtract 5 from both sides*

25w^2=-5

*divide both sides by 25*

w^2=-1/5

*take the square root of both sides*

w=√(-1/5)

the square root of -1 is i.   the square root of 5 remains √5

the answer is i/√5.

hope this