Question: On Jan 1 2016, Acmel sold a 10 year $500,000 zero coupon bond to Presto for $160,985, yielding Presto 12% p.a. Journalize the Bond

On Jan 1 2016, Acmel sold a 10 year $500,000 zero coupon

On Jan 1 2016, Acme2 sold a 5 year $100,000 zero coupon bond to Presto for $283,715 Yielding Presto 12% p.a. Journalize the B

On Jan 1 2016, Acmel sold a 10 year $500,000 zero coupon bond to Presto for $160,985, yielding Presto 12% p.a. Journalize the Bond Sale for Acmel. Jan 1 Bond Sale Dr. Cr. Journalize the year-end adjusting Dec 31 Adjusting Entry Dr. Cr. On Jan 1 2016, Acme2 sold a 5 year $100,000 zero coupon bond to Presto for $283,715 Yielding Presto 12% p.a. Journalize the Bond Sale for Acme2. Jan 1 Bond Sale Dr. Cr. Journalize the year-end adjusting Dr. Cr. Dec Adjusting Entry 31

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