Question
Exercise 10-9 CALCULATOR FULLSCREEN PRINTER VERON FRACK NEXTS On January 1, 2019, Sunland Company Issued $428,000, 11%, 10-year bonds at face value. Interest is payable
Exercise 10-9 CALCULATOR FULLSCREEN PRINTER VERON FRACK NEXTS On January 1, 2019, Sunland Company Issued $428,000, 11%, 10-year bonds at face value. Interest is payable annually on January 1. (L) Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Jan. 1 Bonds Payable Premium on Bonds Payable dy (b) Debit Credit Prepare the journal entry to record the accrual of interest on December 31, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Dec 31 Debit Credit (c) Prepare the journal entry to record the payment of Interest on January 1, 2020. (Credit account tities are automatically indented when amount is entered. Do not indent may Date Account Titles and Explanation Jan, 1 Debit Credit (c) Prepare the journal entry to record the payment of interest on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Click if you would like to Show Work for this question: Open Show Work
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