Wildhorse Company issued $376,000 of 9%, 10-year bonds on January 1, 2021, at face value. Interest...
Wildhorse Company issued $376,000 of 9%, 10-year bonds on January 1, 2021, at face value. Interest is payable annually on January 1, 2022.
(a)
Prepare the journal entry to record the issuance of the bonds.
(Credit account titles are automatically indented when
the amount is entered. Do not indent manually. If no entry is
required, select "No Entry" for the account titles and enter 0 for
the amounts.)
|
Date |
Account Titles and Explanation |
Debit |
Credit |
|
Jan. 1, 2021 |
|||
| (To record issuance of bonds.) |
Homework Answers
A)
| Date | Account | Debit | Credit |
| Jan 1,2021 | Cash | 376,000 | |
| Bonds payable | 376,000 | ||
| (to record issuance of bonds) |
Add Answer to:
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