On January 1, 2014, Blossom World issued bonds with a face value of $ 248,000 . The
Fantastic news! We've Found the answer you've been seeking!
Question:
On January 1, 2014, Blossom World issued bonds with a face value of $248,000. The bonds carry a stated interest of 6% payable each January 1. Prepare the journal entry for the issuance of the bonds if the bonds are issued at 98.5. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation | Debit | Credit |
---|---|---|
enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount |
Related Book For
Survey of Accounting
ISBN: 978-0077862374
4th edition
Authors: Thomas Edmonds, Christopher, Philip Olds, Frances McNair,Bor
Posted Date: