Question: Question 2 of 5 < > 0.83/1 III Your answer is partially correct. The Wildhorse Company issued $210,000 of 9% bonds on January 1,
Question 2 of 5 < > 0.83/1 III Your answer is partially correct. The Wildhorse Company issued $210,000 of 9% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable each July 1 and January 1. The bonds were issued at 96. Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Wildhorse Company records straight-line amortization semiannually. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation 1. 1, 2020 Cash Discount on Bonds Payable Bonds Payable 1, 2020 Interest Expense Discount on Bonds Payable Cashi .31, 2020 Interest Expense Discount on Bonds Payable Cash Debit 201600 8400 9072 10383 Credit 210000 933 9450 933 9450
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