09 Exercise 9-7 Record bonds issued at face amount (109-6) 1512407461807 on sanu

Question

09 Exercise 9-7 Record bonds issued at face amount (109-6) 1512407461807 on sanuary t, 2010, splash Cty issues sooooo or 8% bonds, due in 15 years, with interest payable semiannually on Required: 2018, and December 31, 2018. (it no entry is required for a transaction/event, select No journal entry required" in the hirst account hield., June 30 and December 31 each year 5%, te bonds wil issue at $460.000 Record the bond issue on January 1, 2018, and the first two semannual nterest payments on June 30 Journal entry worksheet 01. 2018 pe here to search 0e

Explanation / Answer

Hey Dear Student!!

Journal Entries are as follows:-

Date particular. Dr. Cr.

01 Jan 18.

Cash A/c. Dr. $460000

To Bonds Payable A/c. $460000

(Being Bonds Issued at Par)

30 Jun 18

Interest Expense A/c. Dr. $18400

To Cash A/c. $18400

(Being Interest Paid)

31 Dec 18

Interest Expense A/c. Dr. $18400

To Cash A/c. $18400

(Being Interest Paid)

Thanks!!

Related Questions

Navigate

• Browse (All)
• Browse
• Subjects

---

---

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