Chapter 14 Homework

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Bb Lessons / Assignments - 20215 X "CengageNOWv2 | Online teach X Course Hero x *Course Hero Course Hero X + A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Paused Update : Chapter 14 Homework eBook Show Me How Print Item O Issuing Bonds at Face Amount ? 1. PE. 14.02A.BLANKSHEET Instructions Chart of Accounts Journal E 2. PE. 14.03A.BLANKSHEET X 3. PE. 14.05A.BLANKSHEET Instructions 4. PE. 14.08A.BLANKSHEET On January 1, the first day of the fiscal year, a company issues a $3,500,000, 5%, 10-year bond that pays semiannual interest of $87,500 ($3,500,000 x 5% x 1/2 year), receiving cash of $3,500,000. 5. EX. 14.05 Required: 6. EX. 14.12 Journalize the entries to record (a) the issuance of the bonds, (b) the first interest payment on June 30, and (c) the payment of the principal on the maturity date of December 31. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Progress: 1/6 items Next Assignment Score: 0.0% All work saved. Email Instructor Save and Exit Submit Assignment for GradingBb Lessons / Assignments - 20215 X "CengageNOWv2 | Online teach X Course Hero x *Course Hero Course Hero X + C A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Paused Update : Chapter 14 Homework eBook Show Me How Print Item Issuing Bonds at Face Amount ? 1. PE. 14.02A.BLANKSHEET Instructions Chart of Accounts Journal 2. PE. 14.03A.BLANKSHEET Chart of Accounts X 3. PE. 14.05A.BLANKSHEET 4. PE. 14.08A.BLANKSHEET CHART OF ACCOUNTS 5. EX. 14.05 General Ledger 6. EX. 14.12 ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 121 Accounts Receivable 611 Gain on Redemption of Bonds 122 Allowance for Doubtful Accounts 126 Interest Receivable EXPENSES 127 Notes Receivable 510 Cost of Merchandise Sold 131 Merchandise Inventory 515 Credit Card Expense 141 Office Supplies 516 Cash Short and Over 191 Land 522 Office Salaries Expense Office Equipment 531 Advertising Expense 195 Accumulated Depreciation-Office Equipment 532 Delivery Expense 533 Repairs Expense LIABILITIES 535 Rent Expense 210 Accounts Payable 536 Insurance Expense 221 Salaries Davabla 537 Office Sunnlioc Evnance Next Progress: 1/6 items Assignment Score: 0.0% All work saved. Email Instructor Save and Exit Submit Assignment for GradingBb Lessons / Assignments - 20215 X "CengageNOWv2 | Online teach X Course Hero x *Course Hero Course Hero X + C A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Paused Update : Chapter 14 Homework eBook Show Me How Print Item Issuing Bonds at Face Amount ? 1. PE. 14.02A.BLANKSHEET Instructions Chart of Accounts Journal 2. PE. 14.03A.BLANKSHEET Chart of Accounts X 3. PE. 14.05A.BLANKSHEET 533 Repairs Expense LIABILITIES 535 Rent Expense 4. PE. 14.08A.BLANKSHEET 210 Accounts Payable 536 Insurance 5. EX. 14.05 221 Salaries Payable 537 Office Supplies Expense 231 Sales Tax Payable 541 Bad Debt Expense 6. EX. 14.12 232 Interest Payable 562 Depreciation Expense-Office Equipment 241 Notes Payable 590 Miscellaneous Expense 251 Bonds Payable 710 Interest Expense 252 Discount on Bonds Payable 711 Loss on Redemption of Bonds 253 Premium on Bonds Payable EQUITY 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends Next Progress: 1/6 items Assignment Score: 0.0% All work saved. Email Instructor Save and Exit Submit Assignment for GradingBb Lessons / Assignments - 20215 X "CengageNOWv2 | Online teach X Course Hero x *Course Hero Course Hero X + A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Paused Update : Chapter 14 Homework eBook Show Me How Print Item O 1. PE. 14.02A.BLANKSHEET Issuing Bonds at Face Amount ? Instructions Chart of Accounts Journal 2. PE. 14.03A.BLANKSHEET 3. PE. 14.05A.BLANKSHEET Journal X 4. PE. 14.08A.BLANKSHEET Journalize the entries to record (a) the issuance of the bonds, (b) the first interest payment on June 30, and (c) the payment of the principal on the maturity date of December 31. Refer 5. EX. 14.05 to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. 6. EX. 14.12 PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 A Progress: 1/6 items Next Assignment Score: 0.0% All work saved. Email Instructor Save and Exit Submit Assignment for Grading