ZuoTi.Pro
Question

W PONICS Current Attempt in Progress The Carla Company issued $230,000 of 12% bonds on January 1, 2017. The bonds are due Jan
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Answer -

Answer 4

January 1, 2014

Cash A/c Dr. $236,900

To Premium on Bonds Payable A/c Cr. $ 6900

To Bonds Payable A/c Cr. $230,000

July 1, 2014

Interest Expense A/c Dr. $13110

Premium on Bonds Payable A/c Dr. $690

To Cash A/c Cr. $13,800

December 31, 2014

Interest Expense A/c Dr. $ 13110

Premium on Bonds Payable A/c Dr. $690

To Interest Payable A/c Cr. $ 13,800

If u r satisfied plz give a like

In case of any doubts plz let me know tanq

0 0
Add a comment
Know the answer?
Add Answer to:
W PONICS Current Attempt in Progress The Carla Company issued $230,000 of 12% bonds on January...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • The Nash Company issued $370,000 of 7% bonds on January 1, 2017. The bonds are due...

    The Nash Company issued $370,000 of 7% bonds on January 1, 2017. The bonds are due January 1, 2022, with interest payable each July 1 and January 1. The bonds were issued at 101. Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Nash Company records straight-line amortization semiannually. (If no entry is required, select '"No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically...

  • View Policies Current Attempt in Progress On January 1, 2017. Tamarisk Corporation issued $560,000 of 7%...

    View Policies Current Attempt in Progress On January 1, 2017. Tamarisk Corporation issued $560,000 of 7% bonds, due in 10 years. The bonds were issued for $601,659, and pay interest each July 1 and January 1. The effective-interest rate is 6%. Prepare the company's journal entries for (a) the January 1 issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry. Tamarisk uses the effective-interest method. (Round intermediate calculations to 6 decimal places , eg. 1.251247...

  • Question 24 The Marin Company issued $250,000 of 11% bonds on January 1, 2017. The bonds...

    Question 24 The Marin Company issued $250,000 of 11% bonds on January 1, 2017. The bonds are due January 1, 2022, with interest payable each July 1 and January 1. The bonds were issued at 96. Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Marin Company records straight-line amortization semiannually. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles...

  • Brief Exercise 14-4 The Stellar Company issued $250,000 of 11% bonds on January 1, 2017. The...

    Brief Exercise 14-4 The Stellar Company issued $250,000 of 11% bonds on January 1, 2017. The bonds are due January 1, 2022, with interest payable each July 1 and January 1. The bonds were issued at 101. Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Stellar Company records straight-line amortization semiannually. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account...

  • The Bridgeport Company issued $340,000 of 10% bonds on January 1, 2017. The bonds are due...

    The Bridgeport Company issued $340,000 of 10% bonds on January 1, 2017. The bonds are due January 1, 2022, with interest payable each July 1 and January 1. The bonds were issued at 97. Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Bridgeport Company records straight-line amortization semiannually. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically...

  • The Monty Company issued $240,000 of 13% bonds on January 1, 2017. The bonds are due...

    The Monty Company issued $240,000 of 13% bonds on January 1, 2017. The bonds are due January 1, 2022, with interest payable each July 1 and January 1. The bonds were issued at 96. Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Monty Company records straight-line amortization semiannually. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically...

  • Question 24 The Sheffield Company issued $220,000 of 9% bonds on January 1, 2017. The bonds...

    Question 24 The Sheffield Company issued $220,000 of 9% bonds on January 1, 2017. The bonds are due January 1, 2022, with interest payable each July 1 and January 1. The bonds were issued at 98. Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Sheffield Company records straight-line amortization semiannually. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles...

  • at 97. The Windsor Company issued $360,000 of 11% bonds on January 1, 2017, The bonds...

    at 97. The Windsor Company issued $360,000 of 11% bonds on January 1, 2017, The bonds are due January 1, 2022, with interest payable each July 1 and January 1, The bonds were issued Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Windsor Company records straight-line amortization semiannually. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically...

  • On January 1, 2020, Carla Corporation issued $660,000 of 9% bonds, due in 8 years. The...

    On January 1, 2020, Carla Corporation issued $660,000 of 9% bonds, due in 8 years. The bonds were issued for $698,454, and pay interest each July 1 and January 1. The effective-interest rate is 8%. Prepare the company's journal entries for (a) the January 1 issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry. Carla uses the effective-interest method. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places,...

  • Brief Exercise 14-2 The Bonita Company issued $210,000 of 10% bonds on January 1, 2017. The...

    Brief Exercise 14-2 The Bonita Company issued $210,000 of 10% bonds on January 1, 2017. The bonds are due January 1, 2022, with interest payable each July 1 and January 1. The bonds are issued at face value. Prepare Bonita’s journal entries for (a) the January issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT