CF O O B estion Answer saved Marked out of 18.00 P Flag question we Corporation authorized $600,000 of 8% (cash interest payable semiannually 10 year bonds. The bonds were dated January 1, interest dates are June 30 and December 31 ssuming that the bonds were sold on March 1 at face value, record the following journal entries. March June 3 Cash Inventory Equipment Date Land Dr. 1 March Deferred Revenue 0 Bonds Payable D Discount on Bonds Payable 0 Discount and Debtissance Costs b.june 30 Premiun on Bonds Payable 0 Fair Value Adjustment-Bonds Payable Note Payable 0 Discount on Note Payabile Premium on Note Payable Fair Value Adjustment--Note Payable Interest Payabia Prev Common Stock Finish attempt Pald-in Capital in Excess of Par-Common Stock Pad-in Capital-Stock Warrants Retained Earnings-Prior Period Adjustment Debt Conversion Expense Interest Expense Loss on Redemption of Bonds Galeon Redemption of Bonds Unrealized in or Loss-Income Innalilor lor OCI 0 O Finish attempt Print Question 8 Answer saved Marked out of 1800 Pro Rowe Corporation authorized $600,000 of 8% (cash interest payable semiannually 10 year bonds. The bonds were dated January 1, Interest dates are one and December 31 Assuming that the bonds were sold on March 1 at face value, record the following journal entries. March 1: Issuance of bonds b. June 30: First interest payment Account Name DY CE Date a March 1 0 0 0 0 0 Torte cordibanduance June 30 0 o 0 0 0 Toncorditeement Previous Save Answers