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On March 31, 2018, Gardner Corporation received authorization to issue $30,000 of 9 percent, 30-year bonds payable. The bonds...

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On March 31, 2018, Gardner Corporation received authorization to issue $30,000 of 9 percent, 30-year bonds payable. The bonds
View transaction listJournal entry worksheet<13>Record the semiannual bond interest payment.Note: Enter debits before
Journal entry worksheet< 12Record the adjusting entry to recognize three months interest.Note: Enter debits before credi
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On March 31, 2018, Gardner Corporation received authorization to issue $30,000 of 9 percent, 30-year bonds payable. The bonds pay interest on March 31 and September 30. The entire issue was dated March 31, 2018, but the bonds were not issued until April 30, 2018. They were issued at face value. a-c. Record entries issue of bonds and related interest expense. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the sale of bonds. Note: Enter debits before credits Date General Journal Debit Credit Apr 30, 2018 Record entry Clear entry View general journal < Prev 4 of 6 Next> View transaction list Journal entry worksheet 1 3 Record the semiannual bond interest payment. Note: Enter debits before credits. Date General Journal Debit Credit Sep 30, 2018 Record entry Clear entry View general journal Journal entry worksheet < 1 2 Record the adjusting entry to recognize three months' interest. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2018 Record entry Clear entry View general journal

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A D 1 Date Accounts title and Explanation Debit Credit 2 April 30 20 View the full answer


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Related Book For  answer-question
Financial and Managerial Accounting the basis for business decisions

Financial and Managerial Accounting the basis for business decisions

ISBN: 978-1259692406

18th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Posted Date: April 26, 2022 04:40:27
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