Need help ancwering this part (C) of this questhion, would love the ancwer, than

Question

Need help ancwering this part (C) of this questhion, would love the ancwer, thanks (additional info in top pictures)

D portalGuard-Portal Lc Final Review Extra Crec e chegg Study | Guided X)?WileyPLUS eon January 1, 2017, Pirxiel Keep Eting This Ques: -0 × x ? Secure | https://edugen.vvileyplus.com/ed Kimmel, Financial Accounting, 8e CALCULATOR PRINTER VERSION BACK NEXT ASSIGNMENT Question 1 Culver Corporation sold $3,320,000, 8%, 5-year bonds on January 1, 2017. The bonds were dated January 1, 2017, and pay interest on January 1-Culver Corporation uses the straight-line method to amortize bond premium or discount. ? (a) Your answer is correct. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2017, assuming that the bonds sold at 106. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Credit Question anCash 3.519.200 Pramium on Bonds Payabl Question 15 Bonds Payable 3,320,000 Dec. 31 Interest Expense 225760 Premium on BondsPayable 39840 Interest Payabla 263600 LINK TO TEXT LINK TO TEXT LINK TO TEXT 940 PM O Type here to search 4/27/20183

Explanation / Answer

c) Balance sheet presentation :

c) Balance sheet presentation :

Long term liabilties Bonds payable 3320000 Add: Premium on bonds payable 199200 Less; Amortized premium on bonds payable -39840 159360 Carrying value of bonds payable 3479360

Related Questions

Navigate

• Browse (All)
• Browse N
• Subjects

---

---

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