Question: A compary issues 7%, 9year bonds with a face amount of $30.000 on January 1,2021. The maket interest tate for bonds of similar risk and


A compary issues 7\%, 9year bonds with a face amount of $30.000 on January 1,2021. The maket interest tate for bonds of similar risk and maturity is also 7 . Interest is paid semiannualy on June 30 and December 31 . Required: 1. & 2. Record the bond issue and first interest poyment on June 30. 2021, (IH no entry is required for a particulor transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Wote Inter debtu tafire credry. A company issues 7%,9-year bonds with a face amount of $90,000 on January 1,2021 . The market interest rate for bonds of similar risk and matunty is aso 79 . Interest is paid semiannually on June 30 and December 31 . Required: 1. \& 2. Record the bond issue and first interest payment on June 30, 2021. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field) Journal entry worksheet Aecord the first interest payment on june 30,2021 . tarde theer dabits Betwe creits: The Shoe Exchange issues 6.000 shares of its $1 par value common stock to provide funds for further expansion. The issue price is \$19 per share. What is the entry to record the issuance of the stock? (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) Journal entry worksheet Record the issuance of the stock. Note, inter debats before credats
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
