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dont worry about what i put on the descroption, i want you to redo it Fireside, Inc. had the following bond issue: Date of issue

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Fireside, Inc. had the following bond issue: Date of issue and sale: May 1, 20-A Principal amount: $400,000 Sale price of bonds: 96 Life of bonds: 10 years Stated rate: 6% a year payable semiannually on October 31 and April 30 Required: Prepare the following general Journal entries a. The issuance of the bonds on May 1, 20-A b. The first interest payment for 20-A c. The adjusting entry for December 31, 20-A d. The reversing entry for January 1, 20-3 If an amount box does not require an entry leave it blank Page: 1 DATE DESCRIPTION POST REF DEBIT CREDIT a. May Cash 500,000 2 2 Bonds Payable 2 3 4. s D. Oet 31 cash 5 wx If an amount box does not require an entry, leave it blank. Page: 1 DATE DESCRIPTION POST REF DEBIT CREDIT 1 May 1 Cash 1 2 Bonds Payable 2 3 3 4 55. Oct 31 Cash 5 Bond Interest Expense 6 7 Bond Interest Payable 7 B 8 9 Des 31 9 10 10 11 13 d.Jan 35

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