Question

CALCULATOR HASI L t eam on December 3.5in wes the ) i nder Donatift Exercise 10-25 Sud Company and 52/000,7% 15h bonds on December 31, 2021, por $270, 720 pl y Prepare the mal entries to record the gen. (Crealitat es an camically indented worm (a) the issuance of the bench by the p o lice and the discount on Dec 31, 2012 c) The demon of the bonday , Wrestl er per teen por derde Armani we w pisation ADGANG e DIN O here to watch acer

Answer 1

Issue Entry 1. Record the Bond Issue General Journal Debit Credit Date Dec 31,2021 270720 Cash Discount on Bonds Payable 11280 Bonds Payable 282000 Record the Issue of the Bond with Discount Journal entris for interest Payment Record the interest payment and amotization General Journal Interest Expenses Debit Credit Date Dec 31,2022 20492 Discount on Bonds Payable 752 Cash 19740 Record the interest Expense and amortization of Discount Cash interest 282000*7% 19740 bond Amortization 11280/15 752 Retire 1. Record the Bond Issue General Journal Debit Credit Date Bonds Payable Dec 31,2036 282000 Cash 282000 Record the REtire the Bond