Homework Answers
| Cash | $260,930 | |
| Discount on bonds payable (269,000*3%) | 8,070 | |
| Bonds payable | 269,000 |
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far ansk Inc เรsues $269 000 10-year, 6 bands at 97. Prepare the journal entry to...
Brief Exercise 10-08 Skysong, Inc. issues $256,000, 10-year, 7% bonds at 98. Prepare the journal entry...
Brief Exercise 10-08 Skysong, Inc. issues $256,000, 10-year, 7% 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 Click if you would like to Show Work for this question: Open Show Work Concord Corporation issued 2,700 6%, 5-year, $1,000 bonds dated January 1, 2022, at face value. Interest is paid...
Teal Mountain Inc. issues $270,000. 10-year, 6% bonds at 98. Prepare the journal entry to record...
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
Larkspur, Inc. issues $251,000, 10-year, 10% bonds at 96. Prepare the journal entry to record the...
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...
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 $273,000, 10-year, 8% bonds at 98. Prepare the journal entry to record the...
Larkspur, Inc. issues $273,000, 10-year, 8% 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
Skysong, Inc. issues $267,000, 10-year, 6% bonds at 96. Prepare the journal entry to record the...
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
Shamrock, Inc. issues $266,000. 10-year, 10% bonds at 98. Prepare the journal entry to record the sale of these bonds o...
Shamrock, Inc. issues $266,000. 10-year, 10% 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
Sheridan Company issues $1.60 million, 10-year, 9% bonds at 97, with interest payable each January 1. Prepare the journ...
Sheridan Company issues $1.60 million, 10-year, 9% bonds at 97, with interest payable each January 1. Prepare the journal entry to record the sale of these bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 e Textbook and Media List of Accounts Assuming instead that the above bonds sold for 106, prepare the journal entry to record the sale of these...
Brief Exercise 10-9 Nasreen Company issues $2,000,000, 10-year, 7% bonds at 97, with interest payable on...
Brief Exercise 10-9
Nasreen Company issues $2,000,000, 10-year, 7% bonds at 97, with
interest payable on July 1 and January 1.
Prepare the journal entry to record the sale of these bonds on
January 1, 2015. (Credit account titles are
automatically indented when amount is entered. Do not indent
manually.)
Date
Account Titles and Explanation
Debit
Credit
Jan. 1
Assuming instead that the above bonds sold for 105, prepare the
journal entry to record the sale of these bonds on...
Pharoah Company issues $440,000, 10-year, 5% bonds at 96. Prepare the journal entry to record the...
Pharoah Company issues $440,000, 10-year, 5% bonds at 96. Prepare the journal entry to record the sale of these bonds on March 1, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 1 Notes Payable 440000 Interest Payable 22000 Cash 462000
Brief Exercise 10-08 Skysong, Inc. issues $256,000, 10-year, 7% 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 Click if you would like to Show Work for this question: Open Show Work Concord Corporation issued 2,700 6%, 5-year, $1,000 bonds dated January 1, 2022, at face value. Interest is paid...
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
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
Larkspur, Inc. issues $273,000, 10-year, 8% 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
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
Shamrock, Inc. issues $266,000. 10-year, 10% 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
Sheridan Company issues $1.60 million, 10-year, 9% bonds at 97, with interest payable each January 1. Prepare the journal entry to record the sale of these bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 e Textbook and Media List of Accounts Assuming instead that the above bonds sold for 106, prepare the journal entry to record the sale of these...
Brief Exercise 10-9
Nasreen Company issues $2,000,000, 10-year, 7% bonds at 97, with
interest payable on July 1 and January 1.
Prepare the journal entry to record the sale of these bonds on
January 1, 2015. (Credit account titles are
automatically indented when amount is entered. Do not indent
manually.)
Date
Account Titles and Explanation
Debit
Credit
Jan. 1
Assuming instead that the above bonds sold for 105, prepare the
journal entry to record the sale of these bonds on...
Pharoah Company issues $440,000, 10-year, 5% bonds at 96. Prepare the journal entry to record the sale of these bonds on March 1, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 1 Notes Payable 440000 Interest Payable 22000 Cash 462000
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