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Case D MIler Bikes is a natonal chain of upscale bicycle shops. The company has tollowed a successful strategy of locating near major untversities. MIler
Case D MIler Bikes is a natonal chain of upscale bicycle shops. The company has tollowed a successful strategy of locating near major untversities. MIler has the opportunity to expand into several new markets but must raise additional captal. The company has engaged in the following Issued 45,200 additional shares of common stock. The stock has a par value or s1 and sells in the market for $30 per share. Issued bonds. These bonds have a tace value o S1 020 000 and a coupon rate o 15 percent The bonds mature n 10 years and pay interest semiannually The curent annual man rate of interest is 7 percent Required: 1. Record the sale af the bonds [If no entry is required for a transactionievent select No journal entry requ red" in the first account field.) View transaction list Journal entry worksheet Reoord the sale of the bonds usino a premium account Note: Enter debits before credts. Clear entry Record entry View general journal 2. Record the issuance of the stock. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of the stock. Note: Enter debits before credits Debit Credit Transac General Journal Record entry Clear entry View general journal
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