Question: ** I need help with the only the mistakes Brief Exercise 10-16 Pharoah Company issues $3.70 million, 20-year, 9% bonds at 97, with interest payable

** I need help with the only the mistakes

** I need help with the only the mistakes Brief Exercise 10-16 Pharoah Company issues $3.70 million, 20-year, 9% bonds at 97, with interest payable on December 31 The straight line method is used to amortize bond discount. Your answer is correct Prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit

Brief Exercise 10-16 Pharoah Company issues $3.70 million, 20-year, 9% bonds at 97, with interest payable on December 31 The straight line method is used to amortize bond discount. Your answer is correct Prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Date Account Titles and Explanation Credit Jan. 1 Tcash 3589000 111000 T Discount on Bonds Payable Bonds Payable 3700000

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