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can someone help me with ex 10 Instructions Prepare journal entries to record the following. a. The issuance of the bonds. b. The accrual of
can someone help me with ex 10
Instructions Prepare journal entries to record the following. a. The issuance of the bonds. b. The accrual of interest on December 31, 2020. C. The payment of interest on January 1, 2021. E10.10 (LO 3) On January 1, 2020, Forrester Company issued $400,000, 8%, 5-year bonds at face value. Interest is payable annually on January 1. Prepare entries for bonds issued at face value. Instructions Prepare journal entries to record the following. a. The issuance of the bonds. b. The accrual of interest on December 31, 2020. c. The payment of interest on January 1, 2021. E10.11 (LO 3) Whitmore Company issued $500,000 of 5-year, 8% bonds at 97 on January 1, 2020. The bonds pay interest annually Prepare entries to record issuance of bonds at discount and premium Instructions Aa . O 7:43 PM 120/2020 Clipboard 5 | M35 - x x D H G E F A B C 244.38 137.68 14 payroll expense 13.77 FICA payable 92.93 FUTA payable SUTA payable Exercise 10 Jan 31 Dec 300.000 Exercise 14 2020 31 Cash X 26 Dec e as E 6, 7, 10, 14 E 1,3 o Ready Type here to searchStep by Step Solution
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