Question: Question 13 On March 1, 2010, Dee Dee Co. issued $4,000,000 of five-year, 12% bonds at an effective interest rate of 10%, receiving cash of

 Question 13 On March 1, 2010, Dee Dee Co. issued $4,000,000

Question 13 On March 1, 2010, Dee Dee Co. issued $4,000,000 of five-year, 12% bonds at an effective interest rate of 10%, receiving cash of $4,308,858. Interest is payable semiannually on March 1 and September 1. Give the accountls) to be debited (1), the accounts) to be credited (2), and the amounts to journalize the sale of the bond. (Amortization of discount/premium is to be recorded after each interest payment.) All amounts are to be rounded to the nearest dollar Account DATE PREF DEBIT CREDIT DESCRIPTION Courses Calendar nbax O Cash debited (1) $4,000,.000, Discount on Bonds Payable credited (2) $308.858; Bonds Payable credited (2) $4.308,850 Help o Cash debited (1) $4,308,858, Premium on Bonds Payable credited (2) $308,858, Bonds Payable credited (2) $4,000,000 Resources Cash debited (1154,308,858, Discount on Bonds Payable credited (2) $308,858, Bonds Payable credited (2) 54,000,000 Cash debited (154,000.000 Interest Expense credited (2) $,308,858, Bonds Payable credited (2) $4,308,858 O type here to search oe 8a wl @ 0 DOLL

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