Prepare the appropriate journal entries for each of the following transactions in 2014. (Credit account titles are
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Question:
Prepare the appropriate journal entries for each of the following transactions in 2014. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)
1. On January 1, 2014, Splish Brothers Cells issued bonds with a face value of $832,000. The bonds carry a stated interest of 6% payable each January 1. Prepare the journal entry for the issuance assuming the bonds are issued at 102.
No. | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
1. | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount |
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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