Account | Debit | Credit |
Cash (270,000*102%) | 275,400 | |
Bonds payable | 270,000 | |
Premium on Bonds Payable | 5,400 |
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Oriole Company issues $270,000, 20-year, 10% bonds at 102. Prepare the journal entry to record the...
Sheridan Company issues $280,000, 20-year, 10% bonds at 102. Prepare the journal entry to record the sale of these bonds on June 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
Teal Mountain Inc. issues $270,000. 10-year, 6% bonds at 98. Prepare the journal entry to record the sale of these bonds on March 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
Ivanhoe Company issues $265,000. 20-year, 10% bonds at 103. Prepare the journal entry to record the sale of these bonds on June 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
Sandhill Co. issues $350,000. 20-year, 10% bonds at 101. Prepare the journal entry to record the sale of these bonds on June 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
Sage Hill Inc. issues $3.4 million, 5-year, 6% bonds at 102, with interest payable on January 1. The straight-line method is used to amortize bond premium. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 2 Account Titles and Explanation Debit Credit Cash Bonds Payable Premium on Bonds Payable Prepare the journal entry to record interest expense and bond premium...
Brief Exercise 10-09 Ivanhoe Company issues $265,000, 20 year, 10% bonds at 103. Prepare the journal entry to record the sale of these bonds on June 1, 2022 (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Bonds Payable Premium on Bonds Payable Click if you would like to show Work for this questioni One Show Work
Brief Exercise 10-09 Ivanhoe Company issues $265,000, 20 year, 10% bonds at 103. Prepare the journal entry to record the sale of these bonds on June 1, 2022 (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Bonds Payable Premium on Bonds Payable Click if you would like to show Work for this questioni One Show Work
Larkspur, Inc. issues $251,000, 10-year, 10% bonds at 96. Prepare the journal entry to record the sale of these bonds on March 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
Larkspur, Inc. issues $251,000, 10-year, 10% bonds at 96. Prepare the journal entry to record the sale of these bonds on March 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
Skysong, Inc. issues $267,000, 10-year, 6% bonds at 96. Prepare the journal entry to record the sale of these bonds on March 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Interest Expense 191880 Discount on Bonds Payable 4680 Interest Payable 187200