xPre-Class Chpt 10-1 Ac x https:// WileyPLUS main uni Kimmel, Financial Accounti

Question

xPre-Class Chpt 10-1 Ac x https:// WileyPLUS main uni Kimmel, Financial Accounting, Se, Custom for University of Akron BACK Brief Exercise 10-8 Shamrock, Inc. ssues $266 000 10-year, 10 % bonds at 98. Prepare the journale try to record the sale of these bonds on March , Oi, (Credit account tities are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit INTERACTIVE TUT ORIAL Question Attempts: 0 of 3 used SAVE FOR LATER SUBHET ANSWER

Explanation / Answer

Journal entry :

Date accounts & explanation debit credit Mar 1 Cash (266000*98/100) 260680 Discount on bonds payable 5320     Bonds payable 266000 (To record bonds issue)

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