Question: Make the journal entries for those 2 transactions 2 Bond Issuance Transactions: Bonds Sold at a Premium Bonds Sold at a Discount 1. On April

Make the journal entries for those 2 transactions

2 Bond Issuance Transactions:

Bonds Sold at a Premium

Bonds Sold at a Discount

1. On April 15, 2022, OB3 Investment issued 250, $1,000, 10%, 5-year bonds at a price of 105.

2. On June 30, 2022, OB3 Investment issued $150,000, 8%, 10-year bonds for 95% of face value.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

One : Create your own company describing the nature of the company and what it provides (should be providing services and assume it is a sole proprietorship) . Show in details the Accounting cycle...

Q:

Determine me a cost or goods sold and DJUross prom SHOW computations) Question four Basil Corporation is authorized to issue 900,000 shares of $10 par value common stock, and 200,000 shares of 9%,...

Q:

M06 Ch 10 Homework Seved Help Save & Dobbs Company issues 99%, two-year bonds, on December 31, 2019, with a par value of $96,000 and semiannual interest payments 2 Semiannuel Period-End (0)...

Q:

Current liabilities Assignment 2 CLO 2 On January 1, 2020, Dana Company issued $2.000,000 face value, 7%, 10-year bonds at $2, 150,000 This price resulted in a 6% effective-interest rate on the...

Q:

Accunting 2 Assignment 2 CLO 2 On January 1, 2020, Dana Company issued $2.000,000 face value, 7%, 10-year bonds at $2,150,000 This price resulted in a 6% effective-interest rate on the bonds. Dana...

Q:

Good afternoon sir. How are you? I upload a take home test for my accounting 1 class. I'm an undergraduate. I did the test but i need the correct answers for all them. Thank you very much 1 Take-home...

Q:

non current liabilities Assignment 2 On January 1, 2020, Dana Company issued $2.000,000 face value, 7%, 10-year bonds at $2,150,000 This price resulted in a 6% effective-interest rate on the bonds....

Q:

On January 1, 2018, Nori Manufacturing Corporation issued $5,000,000, 10%, 6-year bonds dated January 1, 2018, at 105. The bonds pay semi-annual interest on January 1 and July 1. The company uses the...

Q:

make a journal entries and do 2 and 3 Kate Spade Co. is a barrel bag retailer founded in January 2003 by Kate and Andy Spade. The Barrel Bag is a cylindrical bag with barrel-shaped compartments....

Q:

B&L Landscapes, Inc. Mini Practice Part 2 Bill Graham and Larry Miller incorporated B&L Landscapes, Inc. on July 1, 2014. The business consists of lawn care and sprinkler system installations. In...

Q:

On the same graph, plot both Kaplan- Meier estimates and 95% confidence intervals for the white and milk chocolate chip melting time data from your class activity. Explain whether or not the two...

Q:

A certain virus afflicted the families in three adjacent houses in a row of 12 houses. If houses were randomly chosen from a row of 12 houses, what is the probability that the three houses would be...

Q:

1 5 Which of the following is the largest union in the United Stotes? Multiple Choice efook The International Brotherhood of Teamsters. The Service Employees International Union. The United Auto...

Q:

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

Q:

Distinguish between performance appraisal and performance management.

Q:

What should Systel do with the appraisal outcomes? Should they be used only for giving feedback to employees? Or, should they be used for identifying training needs, improving performance, and/or...

Q:

Which method of appraisal do you think is the best for ensuring fairness and objectivity? Is it possible to completely eliminate subjectivity from appraisals?