Homework Answers
Journal entry
| date | account and explanation | Debit | Credit |
| Bonds payable (900000/2) | 450000 | ||
| Loss on retirement | 10213 | ||
| Discount n bonds payable (38426/2) | 19213 | ||
| Cash (450000*.98) | 441000 | ||
So answer is a) a debit to loss of $10213
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Can someone explain how to do #8?
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Hi could someone help me do what is wrong and explain me the debits and credits...
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$2,000,000 of 10.5%, 10-year bonds. These bonds were issued on
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bonds yield 10%.
List Of Accounts
Accumulated Depreciation-Equipment
Accumulated Depreciation-Machinery
Accumulated Depreciation-Plant and Equipment
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Hi could someone help me do what is wrong and explain me the
debits and credits for the journal entries? Thanks!
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