Homework Answers
| Date | Account | Debit | Credit |
| Aug 1 | Cash | 496,800 | |
| Bond payable | 496,00 | ||
| Dec 31 | Interest expense* | 18,630 | |
| Interest payable | 18,630 | ||
| Aug 1 | Interest payable | 18,630 | |
| Interest expense | 26,082 | ||
| Cash | 44,712 |
* interest expense = 496,800 x 9/100 x 5/12
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(Credit account titles are automatically indented when
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Date
Account Titles and Explanation
Debit
Credit
Jan. 1, 2020
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Date
Account Titles and Explanation
Debit
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enter an account title for the journal entry on January 1,2017
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enter an account title for the journal entry on January 1,2017
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