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1- 2- x On December 31 Wintergreen, Incorporated, issued $150,000 of 7 percent, 10-year bonds at a price of 93.25. Wintergreen received $139,875 when it
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x On December 31 Wintergreen, Incorporated, issued $150,000 of 7 percent, 10-year bonds at a price of 93.25. Wintergreen received $139,875 when it issued the bonds (or $150,000 * 9325). After recording the related entry, Bonds Payable had a balance of $150,000 and Discounts on Bonds Payable had a balance of $10,125, Wintergreen uses the straight-line bond amortization method. The first semiannual interest payment was made on June 30 of the next year. Complete the necessary Journal entry for June 30 by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. View transaction list Journal entry worksheet On December 31 Wintergreen, Inc., issued $150,000 of 7 percent, 10-year bonds at a price of 93.25. Wintergreen received $139,875 when it issued the bonds (or $150,000 x.9325). After recording the related entry, Bonds Payable had a balance of $150,000 and Discounts on Bonds Payable had a balance of $10.125. Winterareen uses the stralaht-line bond amortization method. The Note: Enter debits before credits. Debit Credit Date Dec. 31 General Journal Bond Interest expense Discount on bonds payable The document which bondholders receive that is evidence of the issuing company's debt is referred to as a: Multiple Choice Bond. Contract rate. Market rate Bond certificate. Bond indenture 2-
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