AutoSave OFF Esvu = Chapter 9 GW Problems Home Insert Draw Page Layout Formulas Data Review View Tell me Share 0 Comments X Calibri (Body) Co . # Insert v 11 = = = General ab Wrap Text TV 28- O 5 su 9 Delete Paste B I U Av Merge & Center $ %) -20 Conditional Format Cell Formatting as Table Styles Sort & Filter Format Find & Select Analyze Data Sensitivity K5 X fx A B C D E F. G . I J K L M . N 0 P C 1 Problem 9-2 2 On 10/1/16 Kangaroo Corp. issued $700,000, 5%, 10-year bonds at face value. 3 The bonds were dated 10/1/2016, and pay interest annually on 10/1. 4 Financial Statements are prepared annually on 12/31. 5 6 Instructions 7 1. Prepare a tabular summary to record the issuance of the bonds and the adjustements to record interest on 12/31/16. 8 2. Show the balance sheet presentation of bonds payable and bond interest payable on 12/31/16 9 3. Prepare a tabular summary to record the payment of interest on 10/1/17. 10 4. Prepare a tabular summary to record redemption of the bonds on 10/1/26, their maturity date. 11 12 13 14 Assets Liabilities Stockholders' Equity 15 Retained Earnings 16 Bonds Interest Com. 17 Cash Pay. Pay. Stock Rev. Exp. 18 (a) 2016 19 Oct. 1 20 Dec. 31 21 22 (c) 2017 23 Oct. 1 24 25 (d) 2026 26 Oct. 1 27 P9-2 P9-6 = + Div. + Select destination and press ENTER or choose Paste 161%