Question: Question 6 View Policies Current Attempt in Progress Wildhorse Co. issued $610,000, 10-year, 7% bonds at 103. Prepare the journal entry to record the sale




Question 6 View Policies Current Attempt in Progress Wildhorse Co. issued $610,000, 10-year, 7% bonds at 103. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 10 used Submit Answer Question 7 View Policies Current Attempt in Progress Wildhorse Co. issued $545,000, 15-year, 4% bonds at 96. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 10 used Submit Answer Question 8 --/1 View Policies Current Attempt in Progress Ivanhoe Company issued $250,000 of 10%, 20-year bonds on January 1, 2022, at face value. Interest is payable annually on January 1. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2022 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 10 used Submit Answer Flounder Corp.redeemed $124,000 face value, 10% bonds on April 30, 2022, at 105. The carrying value of the bonds at the redemption date was $111,972. The bonds pay annual interest, and the interest payment due on April 30, 2022, has been made and recorded. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Apr. 30 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 10 used Submit
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