P15-6B Journalize the following transactions of Sephora Cosmetics. Inc.: 20X1 Jan. 1 July 1 Dec. 31 31

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P15-6B Journalize the following transactions of Sephora Cosmetics. Inc.: 20X1 Jan. 1 July 1 Dec. 31 31 Issued $1,000,000 of 7%. ten-year bonds payable at 97. Signed a five-year capital lease on machinery. The agreement requires annual lease payments of $16.000, with the first payment due immediately. The liability for the remaining lease payments is $48.590. Paid semiannual interest and amortized discount by the straight-line method on 7% bonds payable. Accrued semiannual interest expense and amortized discount by the straight- line method on 7% bonds payable. Recorded depreciation on leased machinery.

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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