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Yok Corporation issued 4% 10-year bonds th toca value of S1 300 000 at a pric츱 ซ 90 on Ju 1, 2010 Th.c bonds crest cach January 1 and July 1 Yok uses the straight linc mor za on method to al bond prcmiums and discounts. The compan has car end of December 31 ay 15cal Read thc raicments Dute Accounts Debit Credit 2018 Jul 1 Cash 1.170,000 Decount on Bonds Payablc 130,000 Bonds Payable 1.300,000 rement 2.R Joumul Entry Date Debit Credt Dec 31 ๒ioest Expense Dscount on Hands Payabia Innorczt Payable 26,000 3. Show how the accounts relased oo bencs weed on Juy 1, 2018, would be reported on Yok's balance sheet as of Cecember 31, 2018. Liabilities Less

bonds payable

current liabilities

discount on bonds payable

interest expense

interest payable

long term liabilities

Answer 1

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