Question
Entries for Issuing and Calling Bonds; Loss Adele Corp., a wholesaler of music equipment, issued $15,940,000 of 20-year, 11% callable bonds on March 1, 20Y1,
Entries for Issuing and Calling Bonds; Loss
Adele Corp., a wholesaler of music equipment, issued $15,940,000 of 20-year, 11% callable bonds on March 1, 20Y1, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year.
| 20Y1 | |
| Mar. 1 | Issued the bonds for cash at their face amount. |
| Sept. 1 | Paid the interest on the bonds. |
| 20Y5 | |
| Sept. 1 | Called the bond issue at 102, the rate provided in the bond indenture. (Omit entry for payment of interest.) |
Journalize the entries to record the above selected transactions.
Issued the bonds for cash at their face amount.
| 20Y1 Mar. 1 | fill in the blank 4411ddfcd06200e_2 | ||
| fill in the blank 4411ddfcd06200e_4 |
Paid the interest on the bonds.
| 20Y1 Sept. 1 | fill in the blank cfe3dbffbf84009_2 | ||
| fill in the blank cfe3dbffbf84009_4 |
Called the bond issue at 102, the rate provided in the bond indenture. (Omit entry for payment of interest.) For a compound transaction, if an amount box does not require an entry, leave it blank.
| 20Y5 Sept. 1 | fill in the blank a0bdc0021fab02f_2 | fill in the blank a0bdc0021fab02f_3 | |
| fill in the blank a0bdc0021fab02f_5 | fill in the blank a0bdc0021fab02f_6 | ||
| fill in the blank a0bdc0021fab02f_8 | fill in the blank a0bdc0021fab02f_9 |
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Performance Audit Program Auditing Is A Systemic Process
Authors: Reina Mercedes Pérez Aguila, Yoandra González García
1st Edition
6205775697, 978-6205775691
