OnMay 1, 2017,Herren Corp. issued $ prepared annualy on December 31 bonds at fac

Question

OnMay 1, 2017,Herren Corp. issued $ prepared annualy on December 31 bonds at face value. The bonds were dated May 1, 2017, and pay interest ualily on May 1 Financial tatomonts are Prepare the Joursal entry to record the iosuance of the bonds.(Credit account tiles are automatically indented when amount is enteresl. De not indent masualy) Date Pccount Iitles and Explanation May 1, 2017 Prepare the adjunting entry to recoed the accual of interest the accrual of interest on December 31, 2017.(redit accoune tities are automatically indented when amount is entered. p t manually. Round answers to 0 decimal places,eg5675 Dec. 31, 2017 heet presentation on December 31, 2017. (Enter accont namse only and do mot previlade descriptive information Round ansaers to 0 decimal

Explanation / Answer

Solution a:

solution b:

solution c:

Solution d:

Solution e:

Solution f:

Journal Entries - Herron Corporation Date Particulars Debit Credit 1-May-17 Cash Dr $920,000.00       To Bonds Payable $920,000.00 (To record issue of bond at face value)

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