Question: There are three journal entries CALCULATOR FULL SCREEN PRINTER VERSION Brief Exercise 10-12 Whispering Winds Corp. has issued three different bonds during 2020. Interest is

 There are three journal entries CALCULATOR FULL SCREEN PRINTER VERSION Brief

There are three journal entries

Exercise 10-12 Whispering Winds Corp. has issued three different bonds during 2020.

CALCULATOR FULL SCREEN PRINTER VERSION Brief Exercise 10-12 Whispering Winds Corp. has issued three different bonds during 2020. Interest is payable annually on each of these bonds. 1. On January 1, 2020, 1,000, 8%, 5-year, $1,000 bonds dated January 1, 2020, were issued at face value. 2. On July 1, $762,000, 9%, 5-year bonds dated July 1, 2020, were issued at 103. 3. On September 1, $319,000, 7%, 5-year bonds dated September 1, 2020, were issued at 99. Prepare the journal entries to record each bond transaction at the date of issuance. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. 2

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