Question: Current Attempt in Progress Windsor, Inc. has issued three different bonds during 2022. Interest is payable annually on each of these bonds. 1. On January
Current Attempt in Progress Windsor, Inc. has issued three different bonds during 2022. Interest is payable annually on each of these bonds. 1. On January 1, 2022, 1,500, 9%, 5-year, $1,000 bonds dated January 1, 2022, were issued at face value. 2. On July 1, $828,000, 10%, 5-year bonds dated July 1, 2022, were issued at 102. 3. On September 1, $304,000, 8%, 5-year bonds dated September 1, 2022, were issued at 97. Prepare the journal entry to record each bond transaction at the date of issuance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Jan. 1 Cash Bonds Payable 2. July 1 v Cash Bonds Payable Premium on Bonds Payable 3. Sept. 1 Cash Discount on Bonds Payable Bonds Payable Debit 1500000 Credit 1500000
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