Deleau Equipment Ltd. issued 12%, five-year bonds with a face value of $81,890,000 on October 1,...

Transcribed Image Text:

Deleau Equipment Ltd. issued 12%, five-year bonds with a face value of $81,890,000 on October 1, 2020. The bonds were issued at par and pay interest on March 31 and September 30 cach year. Deleau's year end is December 31. Prepare the journal entry for the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Oc. 1 eTextbook and Media List of Accounts Prepare the journal entry required at December 31, 2020, and the entries for the interest payments on March 31 and September 30, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 Mar. 31, 2021 Sept. 30, 2021 Deleau Equipment Ltd. issued 12%, five-year bonds with a face value of $81,890,000 on October 1, 2020. The bonds were issued at par and pay interest on March 31 and September 30 cach year. Deleau's year end is December 31. Prepare the journal entry for the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Oc. 1 eTextbook and Media List of Accounts Prepare the journal entry required at December 31, 2020, and the entries for the interest payments on March 31 and September 30, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 Mar. 31, 2021 Sept. 30, 2021

Answer rating: 100% (QA)

81 890000 OCt s Cash 81890000 Bond payabie Dec 31 49134... View the full answer