Carrying Value, August 31, year 2 $256,937.50

Date of issue and sale March 1

Principal amount $250,000

sale price of bonds $500

life of bonds 20 years

stated rate 8% payable semiannually

on aug 31 and feb 28

Problem 22-9B Name: Enter the appropriate numbers/formulas in the shaded (gray) cells, or select from the drop-down list. An asterisk (*) will appear in the column to the right of an incorrect answer. 1. GENERAL JOURNAL Date 20-1 Mar. Account 1 Cash Bonds Payable Premium on Bonds Payable Aug. Adjusting Entry Dec. 20-2 Jan. Reversing Entry Feb. Aug. 2. The table for part 2 is in a separate worksheet (tab). Debit Credit Problem 22-9B Name: Enter the appropriate amounts/formulas in the shaded (gray) cells. An asterisk (*) will appear in the column to the right of an incorrect answer. 2. Date 3/01/20-1 8/31/20-1 2/28/20-2 8/31/20-2 Interest Expense Debit Premium on Bonds Pay. Debit Cash Credit Bonds Payable Balance Premium on Bonds Pay. Bal. Carrying Value of Bonds