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Extra Gold Corporation had a $1,230,000, 8.0 % bond available for issue on September 1, 2020. Interest is to be paid quarterly beginning November
Extra Gold Corporation had a $1,230,000, 8.0 % bond available for issue on September 1, 2020. Interest is to be paid quarterly beginning November 30. All of the bonds were issued at par on October 1. Prepare the appropriate entries for: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) a. October 1, 2020 b. November 30, 2020 c. December 31, 2020 (Extra Gold's year-end) d. February 28, 2021 No Date: General Journal 1 Oct 1, 2020 Cash Bonds payable 2 Nov 30, 2020 3 Dec 31, 20201 Bond interest expense 4 Feb 28, 2021 Interest payable Bond interest expense Interest payable Cash Bond interest expense Interest payable *30 > > > Debit Credit 1,230,000 1,230,000 000 16,400 8,200 16,400 16,400 * 24,600 16,400 16.400
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