Pharaoh Company $457,500,9%,15 year bonds on December 31, 2016,for $439,200 Interest is payable. We annually on December 31. Pharaoh uses the straight line to method to amortize bond premium or discount. Prepare the journal entries to record the follow events (Credit accounts titles are automatically indented when entered. Do not indent manually. )

(a). The Issuance the bond.

(b). the payment of interest and discount amortization on December 3, 2017.

(c). The redemption the bonds maturity assuming interest for the last interest period has been paid and record

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No. Date (a) Dec. 31, 2016 (b) Dec. 31, 2017 (c) Dec. 31, 2031 Account Titles and Explanation Debit Credit No. Date (a) Dec. 31, 2016 (b) Dec. 31, 2017 (c) Dec. 31, 2031 Account Titles and Explanation Debit Credit

Answer rating: 100% (QA)

Journal entry Date accounts explanation debit credit Dec 312016 Cas... View the full answer