Question: Vanhse Company sold $ 3 , 2 4 0 , 0 0 0 , 9 5 4 , 1 0 - year bonds on January

Vanhse Company sold $3,240,000,954,10-year bonds on January 1,2025. The bonds were dated January 1,2025, and pay interet on January 1. The company uses straightl line amortization on bond premiume and diecounta. Finencial satements are preparsd amually
(a)
Your anewer is correct.
No. Date Account Titles and Explanation
Debit
Credit
1/125
an
3504500
Promiumon Eonar Fxpatio
SondrPponten
1125
on
3142800
92500
BendifProti:
Vanhse Company sold $3,240,000,954,10-year bonds on January 1,2025. The bonds were

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