Homework Answers
a) Journal entry
| Account title and explanation | Debit | Credit |
| Cash | 338000 | |
| Bonds payable | 325000 | |
| Premium on bonds payable | 13000 |
Balance sheet
| Long term liabilities | |
| Bonds payable | 325000 |
| Add: Premium on bonds payable | 13000 |
| 338000 |
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Sheridan Company issues $325,000 of bonds for $338,000. Prepare the journal entry to record the issuance...
Cullumber Corporation issues $320,000 of bonds for $336,000. Prepare the journal entry to record the issuance...
Cullumber Corporation issues $320,000 of bonds for $336,000. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Show how the bonds would be reported on the balance sheet at the date of issuance. (Enter account name only and do not provide descriptive information.) Cullumber Corporation Balance Sheet (Partial)
Sheridan Company issues $280,000, 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
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...
Question 13 Crane Company issues $210,000, 20-year, 9% bonds.at 104. Prepare the journal entry to record...
Question 13 Crane Company issues $210,000, 20-year, 9% bonds.at 104. Prepare the journal entry to record the sale of these bonds on June 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit June 1 Click if you would like to show Work for this questioni Open Show Work
ment Question 2 Crane Corporation issues $420,000 of bonds for $428,400, Prepare the journal entry to...
ment Question 2 Crane Corporation issues $420,000 of bonds for $428,400, Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amou Account Titles and Explanation Debit Credit Show how the bonds would be reported on the balance sheet at the date of issuance. (Enter account name only and do not prov: Crane Corporation Balance Sheet (Partial) Show how the bonds would be reported on the balance sheet at the date of...
Ivanhoe Company issues $265,000. 20-year, 10% bonds at 103. Prepare the journal entry to record the...
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
Oriole Company issues $270,000, 20-year, 10% bonds at 102. Prepare the journal entry to record the...
Oriole Company issues $270,000, 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 Cash Bonds Payable 270,000 Premium on Bonds Payable
CALCULATOR PRINTER VERSION Exercise 15-05 a-c Sheridan Company issued $2,020,000 of bonds on January 1, 2020....
CALCULATOR PRINTER VERSION Exercise 15-05 a-c Sheridan Company issued $2,020,000 of bonds on January 1, 2020. Prepare the journal entry to record the issuance of the bonds if they are issued at (1) 100, (2) 99, and (3) 104. (Credit account titles are automatically indented when amot not indent manually.) No. Account Titles and Explanation Debit Credit (1) (2) (3) SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entry to record the redemption of the bonds at maturity,...
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...
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
Cullumber Corporation issues $320,000 of bonds for $336,000. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Show how the bonds would be reported on the balance sheet at the date of issuance. (Enter account name only and do not provide descriptive information.) Cullumber Corporation Balance Sheet (Partial)
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
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...
Question 13 Crane Company issues $210,000, 20-year, 9% bonds.at 104. Prepare the journal entry to record the sale of these bonds on June 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit June 1 Click if you would like to show Work for this questioni Open Show Work
ment Question 2 Crane Corporation issues $420,000 of bonds for $428,400, Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amou Account Titles and Explanation Debit Credit Show how the bonds would be reported on the balance sheet at the date of issuance. (Enter account name only and do not prov: Crane Corporation Balance Sheet (Partial) Show how the bonds would be reported on the balance sheet at the date of...
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
Oriole Company issues $270,000, 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 Cash Bonds Payable 270,000 Premium on Bonds Payable
CALCULATOR PRINTER VERSION Exercise 15-05 a-c Sheridan Company issued $2,020,000 of bonds on January 1, 2020. Prepare the journal entry to record the issuance of the bonds if they are issued at (1) 100, (2) 99, and (3) 104. (Credit account titles are automatically indented when amot not indent manually.) No. Account Titles and Explanation Debit Credit (1) (2) (3) SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entry to record the redemption of the bonds at maturity,...
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...
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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