Could you please answer Question B with a balance sheet

Wildhorse Co. issued $500,000, 10-year, 7% bonds at 104.

(a)

Partially correct answer icon

Your answer is partially correct.

Prepare a tabular summary to record the sale of these bonds on January 1, 2022. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

	Assets	=	Liabilities			+	Stockholders Equity
							Pd. in Cap.	+	Retained Earnings
	Cash	=	Bonds Pay.	+	Prem. on Bonds Pay.	+	Common Stock	+	Revenue	-	Expense	-	Dividend
Jan.1	$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		select an option Bonds payableInterest expenseDiscount on bondsPremium on bonds

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Solution

List of Accounts

Attempts: 3 of 3 used

(b)

Suppose the remaining Premium on Bonds Payable was $12,000 on December 31, 2025. Show the balance sheet presentation on this date.

WILDHORSE CO. Balance Sheet (Partial) choose the accounting period December 31, 2025For the Month Ended December 31, 2025For the Year Ended December 31, 2025
select an opening name for section one Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
enter a balance sheet item		$enter a dollar amount
select between addition and deduction AddLess: enter a balance sheet item		enter a dollar amount		$enter a subtotal of the two previous amounts