Question: will give thumbs up for correct answer. Gianna, Inc. has issued three different bonds during 2022. Interest is payable annually on each of these bonds
Gianna, Inc. has issued three different bonds during 2022. Interest is payable annually on each of these bonds On January 1, 1,400,9% S-year $1,000 bonds dated January 1, 2022, were issued at face 1 value 2 On July 1, $840,000, 10%, 5-year bonds dated July 1 were issued at 104 3 On September 1, $327,000,8%, 5-year bonds dated September 1, were issued at 98 its Chart of Accounts Assets Liabilities Stockholders. Equity Cash Accounts Payable Common Stock Accounts Receivable Unearned Revenue Retained Earnings Allowance for Doubtful Interest Payable Sales Revenue Accounts Inventory Taxes Payable Sales Returns and Allowances Supplies Notes Payable Sales Discounts Prepaid insurance Bonds Payable Interest Expense Equipment Premium on Bonds Payable Bad Debt Expense Building Discount on Bonds Payable Advertising Expense Land Insurance Expense Accumulated Depreciation Wages and Salaries Expense List debit transactions first and then list credit transactions * Use accounts provided in the Chart of Accounts above. Do NOT create your own account When typing your responses, do NOT include a dollar sign. For example, if your answer is $10.000. you should be typing 10.000 or 10,000.00 without any dollar sign. Prepare the journal entry to record each bond transaction at the date of issuance. No. Date Account Titles and Explanation Debit (5) Credit (5) 1 1/1 27/1 Bonds Payable 3.911 Cash
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