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For some reason the amounts i have on Transaction 1 for the credits are incorrect. And i am confused on what accounts to record the
For some reason the amounts i have on Transaction 1 for the credits are incorrect. And i am confused on what accounts to record the first interest payment
(3) Presented below is a partial amortization schedule for Premium Pizza. (2) (5) Cash Decrease Paid in for Interest Carrying Carrying Period Interest Expense Value Value Issue date $62,586 1 $1,995 $1,878 $117 62,469 2 1,995 1,874 121 62,348 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $57,000. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View Journal entry worksheet No Transaction Debit Credit 1 1 62,586 General Journal Cash Bonds Payable Premium on Bonds Payable 60,000 2,588 2 2 Interest Expense Cash Discount on Bonds Payable Step by Step Solution
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