Question: Homework Chapter 14 Question 4 of 5 -/1 Current Attempt in Progress The Pronghorn Company issued $370,000 of 7% bonds on January 1, 2020. The
Homework Chapter 14 Question 4 of 5 -/1 Current Attempt in Progress The Pronghorn Company issued $370,000 of 7% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable each July 1 and January 1. The bonds were issued at 96. Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Pronghorn Company records straight-line amortization semiannually. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation (a) Date Debit Credi (b) (c) eTextbook and Media
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