Question: PRINTER VERSION ROS Brief Exercise 15-4 Nasreen Company issues $3,000,000, 10-year, 7% bonds at 93, with interest payable each January 1. Prepare the journal entry
PRINTER VERSION ROS Brief Exercise 15-4 Nasreen Company issues $3,000,000, 10-year, 7% bonds at 93, with interest payable each January 1. Prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when amount is entered. Do Indent manually.) Date Account Tities and Explanation Debit Credit Jan. 1 Cash 2,790,000 Discount on Bonds Payable Bonds Payable 3,000,000 SHOW LIST OF ACCOUNTS LINK TO TEXT Assuming Instead that the above bonds sold for 101, prepare the journal entry to record the sale of these bond on January 1, 2017. Credit account cities are automatically indented when amount is entered. Do not indent manually) Date Account Titles and explanation Debit Credit Jan. 1
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