Question: PRINTER VERSION *BACK NEX Brief Exercise 15-5 Frankum Company has issued three different bonds during 2017. Interest is payable annually on each of these bonds.

 PRINTER VERSION *BACK NEX Brief Exercise 15-5 Frankum Company has issued

PRINTER VERSION *BACK NEX Brief Exercise 15-5 Frankum Company has issued three different bonds during 2017. Interest is payable annually on each of these bonds. 1. On January 1, 2017, 1,000, 9%, 5-year, $1,000 bonds dated January 1, 2017, were issued at face value. 2. On July 1, $820,000, 10%, 5-year bonds dated July 1, 2017, were issued at 101. 3. On September 1, $210,000, 8%, 5-year bonds dated September 1, 2017, were issued at 98. Prepare the journal entries to record each bond transaction at the date of issuance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Sept. 1 430 PM Click if you would like to Show Work for this question: Open Show Work 40 2020

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