1) You should create a scenario for 2 separate transactions that address the following issues Issue...
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1) You should create a scenario for 2 separate transactions that address the following issues Issue bonds at a premium or discount in the 2nd quarter, with at least one interest payment date before the end of the year, ● Buy some equipment with an installment note in the 2nd quarter that requires payments due during the 3rd and 4th quarters. You come up with the backstory and details for these transactions, providing me with a description of the transaction that provides enough detail for me to recalculate your numbers. 2) Record each transaction in the General Journal using the "General Journal" sheet. Your transactions should be recorded in proper general journal form, including the AT,A,L↓,LT, OEL,OET arrows. -4 1) You should create a scenario for 2 separate transactions that address the following issues Issue bonds at a premium or discount in the 2nd quarter, with at least one interest payment date before the end of the year, ● Buy some equipment with an installment note in the 2nd quarter that requires payments due during the 3rd and 4th quarters. You come up with the backstory and details for these transactions, providing me with a description of the transaction that provides enough detail for me to recalculate your numbers. 2) Record each transaction in the General Journal using the "General Journal" sheet. Your transactions should be recorded in proper general journal form, including the AT,A,L↓,LT, OEL,OET arrows. -4
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A Issue of Bonds at premium A ltd issued 50000 12 Bond of 100 each at a premium of 10 payable in ful... View the full answer
Related Book For
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
Posted Date:
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