Cullumber decides to redeem these bonds at 102 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2025. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter ofor the amounts) Sheridan Company issues $27 million, 10 year, 7% bonds at 99 . with interest payable on December 31 . The straight-line method is used to amortize bond discount. (a) 2. Your answeris partially correct: Prepare the journal entry to record the sale of these bonds on January 1,2025. Uist all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter ofor the amounts.) Oriole Company issues $325,000,20-year, 7% bonds at 103 . Prepare the journal entry to record the sale of these bonds on June 1, 2025. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Cullumber decides to redeem these bonds at 102 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2025. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter ofor the amounts) Sheridan Company issues $27 million, 10 year, 7% bonds at 99 . with interest payable on December 31 . The straight-line method is used to amortize bond discount. (a) 2. Your answeris partially correct: Prepare the journal entry to record the sale of these bonds on January 1,2025. Uist all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter ofor the amounts.) Oriole Company issues $325,000,20-year, 7% bonds at 103 . Prepare the journal entry to record the sale of these bonds on June 1, 2025. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
