show neat and clear use chart account for description label whether amount is debit or credit...

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show neat and clear use chart account for description label whether amount is debit or credit
On January 1, the first day of the scal year, a company issues a $5.000.000.010-year bond that pays semanal interest of $150.

On January 1, the first day of the scal year, a company issues a $5.000.000.010-year bond that pays semanal interest of $150.

CHART OF ACCOUNTS General Ledger REVENUE 410 Sales 610 Interest Revenue 811 Gain on Redemption of Bonds ASSETS 110 Cash 111 P

711 Loss on Redemption of Bonds 252 Discount on Bonds Payable 253 Premium on Bonds Payable EQUITY 311 Common Stock 312 Paid-i

Journal the first intre payment on Anne and the payment of the price on the date of Decemb e r to the Chart Joumake the entri

business accounting

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Answer 1

Answer #1

Journal Entry Accounting Equation Liabilities Assets Equity Sr. No. Date a Jan 1 Debit Credit $50,00,000 $50,00,000 b June 30

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