Southern Company issued a $600,000 bond at 99% on January 1st. The bond has a two year life and pays 5% interest annually each December 31s t.

Prepare the Appropriate Journal entries

2. Magnolia Company issued a $1,000,000 bond at 102%% on January1st the bond has a 2 year term and pays 6% interest annually each December 31s t.

Prepare the appropriate journal entries.

3. Juniper Company issued a $900,000 bond at 100% on 1-1-20. The bond has a 2 year term and

pays 4% interest annually each December 31s t. Prepare the appropriate journal entries.

4. Sweet Pea Company issued a $2,000,000 bond at 98% on January 1st. . The bond has a five year term and pays 8% interest annually each December 31s t.

Prepare the appropriate journal entries.

5. Rose of Sharon Company issued a $2,000,000 bond at 101% on January1st. The bond has a

five year term and pays 5% interest annually each December 31s t. Prepare the appropriate journal entries.

Answer rating: 100% (QA)

1 Journal entries for Southern Company January 1st Cash 099 600000 594000 Discount on Bonds Payable 6000 Bonds Payable 600000 To record the issuance o... View the full answer