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Entries TOISsumy dhu caIng DonUS; yam 1. Journal Instructions Chart of Accounts 2. Instructions 3. Mia Breen Corp. produces and sells wind-energy-driven engines. To finance

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Entries TOISsumy dhu caIng DonUS; yam 1. Journal Instructions Chart of Accounts 2. Instructions 3. Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mia Breen issued $32,700,000 of 20-year, 6% callable bonds on May 1, Year 1, at their face 4. amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account titles. Year 1 May Issued the bonds for cash at their face amount. 1 Paid the interest on the bonds Nov. 1 Year 5 Nov. Called the bond issue at 96, the rate provided in the bond indenture. (Omit entry for payment of 1 interest.) Journalize the entries to record the selected transactions for the year 1. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 ACCOUNTING EQUATION JOURNAL DATE POST. REF CREDIT ASSETS LIABILITIES DESCRIPTION DEBIT EQUITY 1 3 4 Journalize the entries to record the selected transactions for the year 5. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 ACCOUNTING EQUATION JOURNAL CREDIT LIABILITIES DATE DESCRIPTION POST. REF DEBIT ASSETS EQUITY 1 2 3

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