Present Value Factors Single sum Periods 10 20 Periods 4 10 20 Present Value Factors Ordinary...
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Present Value Factors Single sum Periods 10 20 Periods 4 10 20 Present Value Factors Ordinary annuity 4% .85480 .67556 45639 (1) Cash Cash 3.62990 8.11090 13.59033 82270 3.54595 7.72173 12.46221 Description Cash Bonds Payable Bonds Receivable Bond Premium Bond Discount Interest Expense Interest Payable (1) Prepare the journal entry to record the bond issuance on January 1, 2019 (2) Prepare the journal entry for June 30, 2019 73503 46319 On January 1, 2019 a company issued $500,000 of 8%, 10 year bonds. The bonds pay semiannual interest on June 30 and December 31 of each year. The market rate of interest for the bonds is 10%. Prepare the journal entries requested below using the following account names EXACTLY. Round amounts to the nearest whole dollar. General Journal 3.31213 6.71008 9.81815 E1 Debit 10% 12 68301 11864 Credit Present Value Factors Single sum Periods 10 20 Periods 4 10 20 Present Value Factors Ordinary annuity 4% .85480 .67556 45639 (1) Cash Cash 3.62990 8.11090 13.59033 82270 3.54595 7.72173 12.46221 Description Cash Bonds Payable Bonds Receivable Bond Premium Bond Discount Interest Expense Interest Payable (1) Prepare the journal entry to record the bond issuance on January 1, 2019 (2) Prepare the journal entry for June 30, 2019 73503 46319 On January 1, 2019 a company issued $500,000 of 8%, 10 year bonds. The bonds pay semiannual interest on June 30 and December 31 of each year. The market rate of interest for the bonds is 10%. Prepare the journal entries requested below using the following account names EXACTLY. Round amounts to the nearest whole dollar. General Journal 3.31213 6.71008 9.81815 E1 Debit 10% 12 68301 11864 Credit
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Here are the journal entries requested 1 January 1 2019 bond issuance Cash 5... View the full answer
Related Book For
Intermediate Accounting Volume 2
ISBN: 9781119497042
12th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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