15 GA (Part Level Sabmission) 3,350,000, 12%, 10-year bonds on January , 2017. T

Question

15 GA (Part Level Sabmission) 3,350,000, 12%, 10-year bonds on January , 2017. The bonds weredated Junuaryand pay isterest anualy on larsary 1. Paris Electric uves the to amartize bond pr Prepare the joumal estry to recerd the iosance of the bonds on January 1, 2017,(cunt ties are auomatically dended when asount is enered Date Accout Taes and Explanation an. 1, 2017 Okk ' you would Ske to show work tor this question: 0enshmwot The urts of this question stbcomh pate available when you compte the rt ov 0

Explanation / Answer

(a)

Date Accounts Title and Explanation Debit Credit Jan 1, 2017 Cash ($3,350,000 / 100 x 103) $3,450,500 Premium on Bond $100,500 Bond Payable $3,350,000

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