education.com/map/indexhtml?con consectethal browser=0&launch Url=r 252&lms mieducat YouTube Google Play Game Now Sarved On May 1, 2021, Green Corporation issued $1,300,000 of 12% bonds, dated January 1, 2021, for $1144,000 plus accrued interest. The market rate of interest was 13% The bonds pay interest semiannually on June 30 and December 31 Green's fiscal year ends on December 31 each year Required: 1. Determine the amount of accrued interest that was included in the proceeds received from the bond sale 2. Prepare the journal entry for the issuance of the bonds Complete this question by entering your answers in the tabs below. 26.12 ok Required 1 Required 2 Prepare the journal entry for the issuance of the bonds. (If no entry is required for a transaction/event, select "Ho Journal entry required in the first account Red O Credit View transaction et View journal entry worksheet NO Transaction General Journal 1 Cach Decount on bonds wat Interest payable Debit 1196.000 1.14.1.000 52.000 Required 1 Saved In 2021. Poe's Products completed the treasury stock transactions described below. January 2: Reacquired 10 million shares at $16.10 per share. February 15: Sold 3 million shares at $20.05 per share. September 20: Sold 3 million treasury shares at $15.65 per share. Poe had issued 50 million shares of its $1 par common stock for $18 several years ago Required: Record the above transactions assuming that Poe's Products uses the cost method. (If no entry is required for a transac select "No journal entry required" in the first account field. Enter your answers in millions rounded to 2 decimal place 5,500,000 should be entered as 5.50).) education.com/map/indexhtml?con consectethal browser=0&launch Url=r 252&lms mieducat YouTube Google Play Game Now Sarved On May 1, 2021, Green Corporation issued $1,300,000 of 12% bonds, dated January 1, 2021, for $1144,000 plus accrued interest. The market rate of interest was 13% The bonds pay interest semiannually on June 30 and December 31 Green's fiscal year ends on December 31 each year Required: 1. Determine the amount of accrued interest that was included in the proceeds received from the bond sale 2. Prepare the journal entry for the issuance of the bonds Complete this question by entering your answers in the tabs below. 26.12 ok Required 1 Required 2 Prepare the journal entry for the issuance of the bonds. (If no entry is required for a transaction/event, select "Ho Journal entry required in the first account Red O Credit View transaction et View journal entry worksheet NO Transaction General Journal 1 Cach Decount on bonds wat Interest payable Debit 1196.000 1.14.1.000 52.000 Required 1 Saved In 2021. Poe's Products completed the treasury stock transactions described below. January 2: Reacquired 10 million shares at $16.10 per share. February 15: Sold 3 million shares at $20.05 per share. September 20: Sold 3 million treasury shares at $15.65 per share. Poe had issued 50 million shares of its $1 par common stock for $18 several years ago Required: Record the above transactions assuming that Poe's Products uses the cost method. (If no entry is required for a transac select "No journal entry required" in the first account field. Enter your answers in millions rounded to 2 decimal place 5,500,000 should be entered as 5.50).)
