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Can someone help Chapter 14 Graded Exercises /ewconnect mheducat on.comtlow/connect.htm fretumUrlshttps Check my work mode: This shows what is correct or incorrect for the work
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Chapter 14 Graded Exercises /ewconnect mheducat on.comtlow/connect.htm fretumUrlshttps Check my work mode: This shows what is correct or incorrect for the work you have completed so fer. It does n On February t 20t, Strauss-Lombardi issued 9% bonds, dated February 1, with a face an out of S860000 The bonds sold for 5786220 and mature on January 31, 203820 years. The market yield or bonds of smiar msk and miturity was 0% rterests ped semiannually on July 31 and January 31. Strauss-Lombardi's fiscal year ends December 31 Required: 1. to 4. Prepare the journal entry to record their issuance by Strauss-Lombardi on February 1, 2018, interest on July 31, 2018 (at the effective rate), adjusting entry to accrue interest on December 31, 2018 and interest on January 31, 2019 (Do not round your intermediate calculations and round your finel answers to nearest whole dollar. If no entry is required for a transection/event, select "No journal entry required" in the first account field.) 786,220 73,780 Discount on bonds payable Bonds payable 860.000 G 231.2018 rst expense 39,311 611 8.700 Dincount on bonds payable December 31 expense 32.785 Intenest payable Discount on bonds payable 1000 6557 Interest payable Cash Oncount on bonds payable 36000 Prey5of8 Net F1 F3 Step by Step Solution
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