a) Prepare the journal entry to issue $200,000 bonds which sold for $195,000. (b) Prepare the...

 

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a) Prepare the journal entry to issue $200,000 bonds which sold for $195,000. (b) Prepare the journal entry to issue $200,000 bonds which sold for $204,000. Clearly label each answer. T TT Arial + 3 (12pt) * T Path: p Words:0 QUESTION 22 10 points A machine costing $54,000 with a 6-year life and $6,000 residual value was purchased January 2, 2005. Compute the yearly depreciation expense using straight-line depreciation. Show all calculations TT T Arial : 3 (12pt) a) Prepare the journal entry to issue $200,000 bonds which sold for $195,000. (b) Prepare the journal entry to issue $200,000 bonds which sold for $204,000. Clearly label each answer. T TT Arial + 3 (12pt) * T Path: p Words:0 QUESTION 22 10 points A machine costing $54,000 with a 6-year life and $6,000 residual value was purchased January 2, 2005. Compute the yearly depreciation expense using straight-line depreciation. Show all calculations TT T Arial : 3 (12pt)

Answer rating: 100% (QA)

Solution 21 General Journal Debit Credit a Cash 19500... View the full answer