Homework Answers
| EXERCISE E | |||
| JOURNAL ENTRIES IN THE BOOKS OF HOLIDAY ROLLERBLADE COMPANY | |||
| DATE | PARTICULARS | DEBIT($) | CREDIT($) |
| 30-06-2016 | INREREST ON 10% BONDS A/C | $25,000.00 | |
| TO CASH A/C | $25,000.00 | ||
| 30-06-2016 | 10% BONDS A/C | $5,00,000.00 | |
| PREMIUM ON REDEMPTION OF BONDS A/C | $20,000.00 | ||
| TO BONDHOLDERS A/C | $5,20,000.00 | ||
| 30-06-2016 | BONDHOLDERS A/C | $5,20,000.00 | |
| TO CASH A/C | $5,20,000.00 | ||
| 30-06-2016 | PROFIT AND LOSS A/C | $50,000.00 | |
| TO PREMIUM ON REDEMPTION OF BONDS A/C | $20,000.00 | ||
| TO DISCOUNT ON BONDS A/C | $30,000.00 |
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