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Face value -BE15.1 (LO 2) Randle Inc. issues $300,000, 10-year, 8% bonds at 98. Prepare the journal entry to record the sale of these
Face value -BE15.1 (LO 2) Randle Inc. issues $300,000, 10-year, 8% bonds at 98. Prepare the journal entry to record the sale of these bonds on March 1, 2020. 300,000 x.98% = 294,000 -BE15.2 (LO 2) Price Company issues $400,000, 20-year, 7% bonds at 101. Prepare the journal entry to record the sale of these bonds on June 1, 2020. 400,000 x 100 =4,000 Bond BE15.3 (LO 2) Meera Corporation issued 4,000, 8%, 5-year, $1,000 bonds dated January 1, 2020, at 100. Face value Interest is paid each January 1. 2021 IST. interest a. Prepare the journal entry to record the sale of these bonds on January 1, 2020. b. Prepare the adjusting journal entry on December 31, 2020, to record interest expense. c. Prepare the journal entry on January 1, 2021, to record interest paid. BE15.4 (LO 2) Nasreen Company issues $2 million, 10-year, 8% bonds at 97, with interest payable each January 1. a. Prepare the journal entry to record the sale of these bonds on January 1, 2020. b. Assuming instead that the above bonds sold for 104, prepare the journal entry to record the sale of these bonds on January 1, 2020. BE15.5 (LO 2) Frankum Company has issued three different bonds during 2020. Interest is payabl annually on each of these bonds. 1. On January 1, 2020, 1,000, 8%, 5-year, $1,000 bonds dated January 1, 2020, were issued at fa
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