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Crane Company issued $630,000, 10-year, 4% bonds at 103. Your answer le correct Suppose the remaining...
Crane Company issued $630,000, 10-year, 4% bonds at 103. Your answer is partially correct. Prepare the...
Crane Company issued $630,000, 10-year, 4% bonds at 103. Your answer is partially correct. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Cush 648900000 630000.00 Bonds Payable 630000100 Textbook and Media
Crane Company issued $740,000, 10 year, 5% bonds at 103. Prepare the journal entry to record...
Crane Company issued $740,000, 10 year, 5% bonds at 103. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit accountries are automatically indented when the amount is entered. Do not indent many) Date Account Tot and Explanation Debit Credit LIR TOUT Suppose the remaining Premium on Bonds Payable was $13,320 on December 31, 2025. Show the balance sheet presentation on this date. CRANE COMPANY Balance Sheet (Partial)
Sheridan Company issued $525,000, 15-year, 7% bonds at 96. Your answer is partially correct. Try again....
Sheridan Company issued $525,000, 15-year, 7% bonds at 96. Your answer is partially correct. Try again. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 2 Jan. 1 Cash Discount on Bonds Payable Bonds Payable Suppose the remaining Discount on Bonds Payable was $12,600 on December 31, 2027. Show the balance sheet...
Sunland Company issued $570,000, 10-year, 7 % bonds at 103. Prepare the journal entry to record...
Sunland Company issued $570,000, 10-year, 7 % bonds at 103. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automa tica lly indented when the manually.) Credit Date Account Titles and Explanation Debit Jan. 1 Suppose the remaining Premium on Bonds Payable was $10,260 on December 31, 2025. Show the balance sheet presentation on this date. SUNLAND COMPANY Balance Sheet (Partial) Open Show Work Click if you would like to...
Question 6 View Policies Current Attempt in Progress Crane Company issued $630,000, 10-year, 4% bonds at...
Question 6 View Policies Current Attempt in Progress Crane Company issued $630,000, 10-year, 4% bonds at 103. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 e Texthank and Media
E10-10 Arroyo Company issued $600,000, 10-year, 6% bonds at 103. Instructions Prepare entries for issuance of...
E10-10 Arroyo Company issued $600,000, 10-year, 6% bonds at 103. Instructions Prepare entries for issuance of bonds, balance sheet presentation, and cause of deviations from face value.(a) Prepare the journal entry to record the sale of these bonds on January 1, 2017 (LO 3), AP (b) Suppose the remaining Premium on Bonds Payable was $10,800 on December3 2020. Show the balance sheet presentation on this date. Explain why the bonds sold at a price above the face amount. (c)
Prepare entries balance sheet pr of deviations fro E10.14 (LO 3), AP Arroyo Company issued $600,000,...
Prepare entries balance sheet pr of deviations fro E10.14 (LO 3), AP Arroyo Company issued $600,000, 10-year, 6% bonds at 103. Instructions a. Prepare the journal entry to record the sale of these bonds on January 1, 2022. b. Suppose the remaining Premium on Bonds Payable was $10,800 on December 31, 2025. Show the balance sheet presentation on this date. c. Explain why the bonds sold at a price above the face amount.
Saylor Co sold $3,000,000,896, 10-year bonds on January 1, 2022. The bonds were dated January 1,...
Saylor Co sold $3,000,000,896, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022 and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 103 and (2) 9a. (Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Date Account Titles and Explanation Debit Credit...
On May 1, 2019, Blossom Company issued $570,000,6%, 5-year bonds at face value. The bonds were...
On May 1, 2019, Blossom Company issued $570,000,6%, 5-year bonds at face value. The bonds were dated May 1, 2019, and pay interest annually on May 1. Financial statements are prepared annually on December 31. Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 1, 2019 Cash 570000 Bonds Payable 570000 e...
Please explain journal entries Crane Company sold $3,220,000, 10%, 10-year bonds on January 1, 2022. The...
Please explain journal entries
Crane Company sold $3,220,000, 10%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 101 and (2) 96. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account...
Crane Company issued $630,000, 10-year, 4% bonds at 103. Your answer is partially correct. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Cush 648900000 630000.00 Bonds Payable 630000100 Textbook and Media
Crane Company issued $740,000, 10 year, 5% bonds at 103. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit accountries are automatically indented when the amount is entered. Do not indent many) Date Account Tot and Explanation Debit Credit LIR TOUT Suppose the remaining Premium on Bonds Payable was $13,320 on December 31, 2025. Show the balance sheet presentation on this date. CRANE COMPANY Balance Sheet (Partial)
Sheridan Company issued $525,000, 15-year, 7% bonds at 96. Your answer is partially correct. Try again. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 2 Jan. 1 Cash Discount on Bonds Payable Bonds Payable Suppose the remaining Discount on Bonds Payable was $12,600 on December 31, 2027. Show the balance sheet...
Sunland Company issued $570,000, 10-year, 7 % bonds at 103. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automa tica lly indented when the manually.) Credit Date Account Titles and Explanation Debit Jan. 1 Suppose the remaining Premium on Bonds Payable was $10,260 on December 31, 2025. Show the balance sheet presentation on this date. SUNLAND COMPANY Balance Sheet (Partial) Open Show Work Click if you would like to...
Question 6 View Policies Current Attempt in Progress Crane Company issued $630,000, 10-year, 4% bonds at 103. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 e Texthank and Media
E10-10 Arroyo Company issued $600,000, 10-year, 6% bonds at 103. Instructions Prepare entries for issuance of bonds, balance sheet presentation, and cause of deviations from face value.(a) Prepare the journal entry to record the sale of these bonds on January 1, 2017 (LO 3), AP (b) Suppose the remaining Premium on Bonds Payable was $10,800 on December3 2020. Show the balance sheet presentation on this date. Explain why the bonds sold at a price above the face amount. (c)
Prepare entries balance sheet pr of deviations fro E10.14 (LO 3), AP Arroyo Company issued $600,000, 10-year, 6% bonds at 103. Instructions a. Prepare the journal entry to record the sale of these bonds on January 1, 2022. b. Suppose the remaining Premium on Bonds Payable was $10,800 on December 31, 2025. Show the balance sheet presentation on this date. c. Explain why the bonds sold at a price above the face amount.
Saylor Co sold $3,000,000,896, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022 and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 103 and (2) 9a. (Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Date Account Titles and Explanation Debit Credit...
On May 1, 2019, Blossom Company issued $570,000,6%, 5-year bonds at face value. The bonds were dated May 1, 2019, and pay interest annually on May 1. Financial statements are prepared annually on December 31. Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 1, 2019 Cash 570000 Bonds Payable 570000 e...
Please explain journal entries
Crane Company sold $3,220,000, 10%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 101 and (2) 96. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account...
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