Question: IF THERE IS NO ANSWER, YOU MUST WRITE NONE. 6. FOR HOW MUCH SHOULD YOU DEBIT BOND INTEREST EXPENSE ON 7/1/21 IF YOU HAD ISSUED
IF THERE IS NO ANSWER, YOU MUST WRITE NONE. 6. FOR HOW MUCH SHOULD YOU DEBIT BOND INTEREST EXPENSE ON 7/1/21 IF YOU HAD ISSUED $200,000, 10 YEAR, 10% BONDS AT 98 ON 1/1/21? 7. WHAT ACCOUNT SHOULD YOU DEBIT WHEN YOU DELARE A 2: 1 STOCK SPLIT ON 100,000 COMMON SHARES OUTSTANDING, PAR VALUE IS $2/SHARE AND SELLING PRICE IS $100/SH? 8. WHAT ACCOUNT DO YOU CREDIT WHEN YOU CLOSE OUT A $1M NET INCOME? 9. WHAT ACCOUNT DO YOU DEBIT WHEN YOU PURCHASE BONDS? 10. ON 1/1/21, YOU PURCHASED TRADING STOCKS FOR $200,000 AND AT YEAR END, THE VALUE OF THE TRADING STOCKS, IS $210,000, WHAT ACCOUNT DO YOU CREDIT
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