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Cheyenne Corp. sold $2,660.000,8%.5-year bonds on January 1, 2022. The bonds were dated January 1, 2022 and pay interest on January 1. Cheyenne Corp. uses

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Cheyenne Corp. sold $2,660.000,8%.5-year bonds on January 1, 2022. The bonds were dated January 1, 2022 and pay interest on January 1. Cheyenne Corp. uses the straight line method to amortize bond premium or discount (a) Your answer is correct Prepare all the necessary journal entries to record the issuance of the bonds and bond interest experise for 2022, assuming that the bonds sold at 105. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit 1 2022 2795000 Cat 2060000 Bonds Pava 133000 Premion Bonds Pavabile 136200 -31,2022 Interest Your answer is correct. Prepare all the necessary Journal entries to record the issuance of the bonds and bond interest expense for 2022 assuming that the bonds sold at 105. (Credit account titles are automatically indented when amount is entered. Do not indent manually, Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Jan 1.2022 2 Cash 2793000 WO Bonds Pwable 13.30 Premium Bands Payable 356200 Dec. 31.2022 Interest Expense - 26500 Promo Bonds Pavle Interest Payable Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2022 assuming that the bonds sold at 96. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Jan 1, 2022 I e Textbook and Media

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