Question
Best Goods issues $395,000of bonds for $414,750. I was able to prepare the journal entry to record the issuance of bonds however I am having
Best Goods issues $395,000of bonds for $414,750.
I was able to prepare the journal entry to record the issuance of bonds however I am having trouble showing the balance sheet. I was able to calculate this so far..
cash DR 414750
bonds payable CR 395000
Premium on Bonds Payable CR 19750
I am having trouble with the balance sheet...
Balance Sheet Partial
Current Assets
Cash 414750
What would "Add or Less" which account and how much? and what would the total be?
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Principles Of Financial Accounting
Authors: Kermit Larson, John Wild
20th Edition
77338235, 978-0077619442
