{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-22T11:08:58-04:00", "answer_date": "2024-05-22 11:08:58", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1508700", "url": "\/study-help\/questions\/current-attempt-in-progress-your-answer-is-partially-correct-on-1508700", "question_creation_date_js": "2024-05-22T11:08:58-04:00", "question_creation_date": "May 22, 2024 11:08 AM", "meta_title": "[Solved] Current Attempt in Progress Your answer i | SolutionInn", "meta_description": "Answer of - Current Attempt in Progress Your answer is partially correct. On January 1, 2020, Sheridan Corporation issued $670,000 | SolutionInn", "meta_keywords": "current,attempt,progress,answer,partially,correct,january,1,2020,sheridan,corporation,issued", "question_title_h1": " Current Attempt in Progress Your answer is partially correct. On January 1, 2020, Sheridan Corporation issued $670,000 of 9% bonds, due in 10 years.", "question_title": " Current Attempt in Progress Your answer is partially correct. On January", "question_title_for_js_snippet": "Current Attempt in Progress Your answer is partially correct On January 1, 2020, Sheridan Corporation issued $670,000 of 9 bonds, due in 10 years The bonds were issued for $715,529, and pay interest each July 1 and January 1 The effective interest rate is 8 Prepare the company's journal entries for (a) the January 1 issuance, (b) the July 1 interest payment, and (c) the December 311 adjusting entry Sheridan uses the effective interest method (Round intermediate calculations to 6 decimal places, es 1 251247 and final answer to O decimal places, e g 38,548 If no entry is required, select No Entry for the account titles and enter O for the amounts Credit account titles are automatically indented when amount is entered Do hot indent manually ) No Date Account Titles and Explanation (a) Jan 1 2020 cash (b) Discount on Bonds Payable Bonds Payable July 1,2020 Interest Expense Debit 628252 41748 31413 Credi No Date Account Titles and Explanation Debit (a) Jan 1, 2020 cash Discount on Bonds Payable Bands Payable (b) July 1, 2020 Interest Expen Discount on Bonds Payable tash (c) Dec 31, 2020 intere Discount on Bonds Payable Interest Payable 628252 41748 31413 31476 Cred", "question_description": "\"image\"image", "transcribed_text": "Current Attempt in Progress Your answer is partially correct. On January 1, 2020, Sheridan Corporation issued $670,000 of 9% bonds, due in 10 years. The bonds were issued for $715,529, and pay interest each July 1 and January 1. The effective-interest rate is 8% Prepare the company's journal entries for (a) the January 1 issuance, (b) the July 1 interest payment, and (c) the December 311 adjusting entry. Sheridan uses the effective-interest method. (Round intermediate calculations to 6 decimal places, es 1.251247 and final answer to O decimal places, e.g. 38,548. If no entry is required, select \"No Entry\" for the account titles. and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do hot indent manually.) No. Date Account Titles and Explanation (a) Jan. 1.2020 : cash (b) Discount on Bonds Payable Bonds Payable July 1,2020 Interest Expense Debit 628252 41748 31413 Credi No. Date Account Titles and Explanation Debit (a) Jan. 1, 2020 cash Discount on Bonds Payable Bands Payable (b) July 1, 2020 Interest Expen Discount on Bonds Payable tash (c) Dec 31, 2020 : intere Discount on Bonds Payable Interest Payable 628252 41748 31413 31476 Cred", "related_book": { "title": "Financial Accounting Tools for business decision making", "isbn": "978-1119191674, 047053477X, 111919167X, 978-0470534779", "edition": "6th Edition", "authors": "Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/48.jpg", "uri": "\/textbooks\/financial-accounting-tools-for-business-decision-making-6th-edition-48", "see_more_uri": "" }, "free_related_book": { "isbn": "1461397219", "uri": "\/textbooks\/symplectic-geometry-groupoids-and-integrable-systems-seminaire-sud-rhodanien-de-geometrie-a-berkeley-1st-edition-978-1461397212-272373", "name": "Symplectic Geometry Groupoids And Integrable Systems Seminaire Sud Rhodanien De Geometrie A Berkeley", "edition": "1st Edition" }, "question_posted": "2024-05-22 11:08:58", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/what-are-the-marketing-cost-estimates-of-pepsi-company-marketing-233522", "description": "What are the Marketing Cost Estimates of Pepsi Company? 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