On December 31, 2015, Wintergreen, Inc., issued $150,000 of 7 percent, 10-year bonds at a price...

 

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On December 31, 2015, Wintergreen, Inc., issued $150,000 of 7 percent, 10-year bonds at a price of 93.25. Wintergreen received $139,875 when it issued the bonds (or $150,000 x.9325). After recording the related entry, Bonds Payable had a balance of $150,000 and Discounts on Bonds Payable had a balance of $10,125. Wintergreen uses the straight-ine bond amortization method. The first semiannual interest payment was made on June 30, 2016. Complete the necessary journal entry for June 30, 2016 by seiecting the account names and doliar amounts from the drop- down menus. Date Account Title Debit Credit June 30 select select select elect select select select select select On December 31, 2015, Wintergreen, Inc., issued $150,000 of 7 percent, 10-year bonds at a price of 93.25. Wintergreen received $139,875 when it issued the bonds (or $150,000 x.9325). After recording the related entry, Bonds Payable had a balance of $150,000 and Discounts on Bonds Payable had a balance of $10,125. Wintergreen uses the straight-ine bond amortization method. The first semiannual interest payment was made on June 30, 2016. Complete the necessary journal entry for June 30, 2016 by seiecting the account names and doliar amounts from the drop- down menus. Date Account Title Debit Credit June 30 select select select elect select select select select select