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6 part question, please help Part 1 Part 2 Part 3 Part 4 Part 5 Part 6 On October 1, 2021, Flint Corp. issued $948,000,
6 part question, please help
On October 1, 2021, Flint Corp. issued $948,000, 5%, 10-year bonds at face value. The bonds were dated October 1, 2021, and pay interest annually on October 1. Financial statements are prepared annually on December 31. Part 1 Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Oct. 1. 2021 eTextbook and Media List of Accounts Save for late Attempts: 0 of 15 used Submit Anwar Part 2 Prepare the adjusting entry to record the accrual of interest on December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec 31, 2021 eTextbook and Media List of Accounts Savo for Later Attempts: 0 of 15 used Submit Antwer Part 3 Show the balance sheet presentation of bonds payable and bond interest payable on December 31, 2021. FLINT CORP. Balance Sheet (Partial) $ 2 eTextbook and Media List of Accounts Attempts:0 of 15 used Submit Armer Save for Later Part 4 Prepare the journal entry to record the payment of interest on October 1, 2022 (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Credit Debit Account Titles and Explanation Date Oct. 1 2022 e Textbook and Media List of Accounts Attempts: 0 of 15 used Save for Later Part 5 Part 5 Prepare the adjusting entry to record the accrual of interest on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Credit Debit Account Titles and Explanation Date Dec. 31 2022 e Textbook and Media List of Accounts Attempts: 0 of 15 used Sub Am Save for Later Assume that on January 1, 2023, Flint pays the accrued bond interest and calls the bonds. The call price is 104. Record the payment of interest and redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jan. 1. 2023 (To record payment of interest) Jan. 1. 2023 (To record the redemption of the bonds) e Textbook and Media List of Accounts Attempts:0 of 15 used Sve for Later Part 1
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