Homework Answers
Answer
|
Date |
Accounts title |
Debit |
Credit |
|
Jan-01 |
Cash [$570000 x 103/100] |
$587,100 |
|
|
premium on Bonds Payable |
$17,100 |
||
|
Bonds Payable |
$570,000 |
||
|
(to record issuance of bonds) |
|
Balance Sheet - Partial |
||
|
as at 31 Dec 2025 |
||
|
Liabilities-Long Term Liabilities: |
||
|
Bonds Payable |
$570,000 |
|
|
Add: Premium on Bonds Payable |
$10,260 |
$580,260 |
Add Answer to:
Sunland Company issued $570,000, 10-year, 7 % bonds at 103. Prepare the journal entry to record...
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Sheridan Company issued $525,000, 15-year, 7% bonds at 96. Your answer is partially correct. Try again....
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Please explain journal entries
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Crane Company issued $740,000, 10 year, 5% bonds at 103. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit accountries are automatically indented when the amount is entered. Do not indent many) Date Account Tot and Explanation Debit Credit LIR TOUT Suppose the remaining Premium on Bonds Payable was $13,320 on December 31, 2025. Show the balance sheet presentation on this date. CRANE COMPANY Balance Sheet (Partial)
Sheridan Company issued $525,000, 15-year, 7% bonds at 96. Your answer is partially correct. Try again. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 2 Jan. 1 Cash Discount on Bonds Payable Bonds Payable Suppose the remaining Discount on Bonds Payable was $12,600 on December 31, 2027. Show the balance sheet...
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
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
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...
Please explain journal entries
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Ivanhoe Company sold $6,100,000, 8%, 15-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on December 31. The bonds were sold at 97. Prepare the journal entry to record the issuance of the bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO At December...
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