Kimmel, Financial Accounting, 8 telp l CALCULATOR PRENTER VERSION BACK Brief Exe

Question

Kimmel, Financial Accounting, 8 telp l CALCULATOR PRENTER VERSION BACK Brief Exercise 10-16 (Part Level Submission) d is used to amortize boele Company issues s2.50 m mon, 10year, 7% bonds at 96 with interest payable on December 31. The straight-ne met Y (a) Prepare the journal entry to record the amount is entered. Do not indent manually.) sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when Date Account Tities and Explanetion Dan. 1 Attempts: 0 of 5 used SAOR LATERSUBHIT ANSWER The parts of this queation must be compieted in order. This part will be available when you complete the pavt above 5 8 9 0

Explanation / Answer

Journal entry :

Date accounts & explanation debit credit Cash (2500000*96/100) 2400000 Discount on bonds payable 100000     Bonds payable 2500000 (To record sale of bonds)

Related Questions

Navigate

• Browse (All)
• Browse K
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.