Exercise 10-13 Pharoah Company issued S450,000 of 9%, 20-year bonds on January 1
ID: 2584909 • Letter: E
Question
Exercise 10-13 Pharoah Company issued S450,000 of 9%, 20-year bonds on January 1, 2017, at face value. Interest is payable annually on January 1. Prepare the journal entry to record the issuance of the bonds. (Credit account litles are automalically indented when amount is ted. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1. 2017 SHOW LIST OF ACCOUNTS Prapare tha joumal sntry to record the accrual of intarast on Dacember 31, 2017. (Cradit account titles are automatícally indonted when amount is enterod. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31. 2017 SHOW LIST OF ACCOUNTS Propare tha joumal antry to record tha paymant of intarest on January 1, 2018.(Credit account titles are automatically indented when amount is entered. Do not indent manually.) Dste Account Titles and Explanation Debit Credi Jan. 1, 2018 LINK TO TEXT prepare the joumal entry to record e redempt onthe bonds at maturity, assuming interest for the last interest period has been psid and recorded (Creditaccount tit es are utomat ca y ndente when amount is entered. Do not indent manual y. Date Aocount Titles and Explanation Debit Credit an. 1, 2037 OF ACCOUNTS LINK TO TEXTExplanation / Answer
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jan 1 2017 cash 450000 9% bonds payable 450000 (to record issue of bonds)Related Questions
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