For each event listed below, identify the accounts that should be used to record the economic event You should enter the letters that correspond to the accounts that should be used Your answers will be evaluated based on whether you have included every account that is required for that transaction and have not included any additional accounts that are not needed You should enter the letters that correspond to the accounts that should be used, with a comma and a space following the comma (e g , A, B) An account can be used in analyzing more than one event A additional paid in capital B bonds payable C cash D common stock E discount on bonds payable F equipment G interest expense H interest payable I preferred stock J premium on bonds payable K treasury stock L land Example Event The company purchased equipment, paying cash of $15,000 Answer F, C The company issued $12,000,000 in bonds on July 1, the issue date, and the company received $12,900,000 in cash 2 On December 31st, the year end the company recorded an accrual for interest owed and unpaid to bondholders (see event 1) as of the close of the fiscal year 3 On December 31st, the year end, the company recorded the appropriate amortization for the $12,000,000 in bonds issued for $12,900,000 on July 1st (see event 1)

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Question: For each event listed below, identify the accounts that should be used to record the economic event. You should enter the letters that correspond to

For each event listed below, identify the accounts that should be used to record the economic event. You should enter the letters that correspond to the accounts that should be used. Your answers will be evaluated based on whether you have included every account that is required for that transaction and have not included any additional accounts that are not needed. You should enter the letters that correspond to the accounts that should be used, with a comma and a space following the comma (e.g., A, B). An account can be used in analyzing more than one event.

A.	additional paid-in capital
B.	bonds payable
C.	cash
D.	common stock
E.	discount on bonds payable
F.	equipment
G.	interest expense
H.	interest payable
I.	preferred stock
J.	premium on bonds payable
K.	treasury stock
L.	land

Example:

Event: The company purchased equipment, paying cash of $15,000 Answer: F, C

The company issued $12,000,000 in bonds on July 1, the issue date, and the company received $12,900,000 in cash.

2. On December 31st, the year end. the company recorded an accrual for interest owed and unpaid to bondholders (see event 1) as of the close of the fiscal year.

3. On December 31st, the year end, the company recorded the appropriate amortization for the $12,000,000 in bonds issued for $12,900,000 on July 1st (see event 1).