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Gianna, Inc. has issued three different bonds during 2022. Interest is payable annually on each of these bonds. 1 On January 1. 1.400,9%, 5-year, 51,000
Gianna, Inc. has issued three different bonds during 2022. Interest is payable annually on each of these bonds. 1 On January 1. 1.400,9%, 5-year, 51,000 bonds dated January 1 2022 were issued at face value 2. On July 1.5840.000 10%. 5-year boods dated July 1, were issued at 104 On September 1.5327,000,8%, 5-year bonds dated September 1, were issued at 98 3: Chart of Accounts Assets Liabilities Stockholders' Equity Cash Accounts Payable Common Stock Accounts Receivable Uncanned Revenue Retained Earning Allowance for Doubtful Interest Payable Accounts Sales Revenue Inventory Taxes Payable Sales Returns and Allowances Supplies Notes Payable Sales Discounts Prepaid insurance Bonds Payable Interest Expense Equipment Premium on Bonds Payable Bad Debt Expense Building Discount on Bonds Payable Advertising Expense Land Insurance Expense Accumulated Depreciation Wages and Salaries Expense List debit transactions frst and then it credit transactions * Use accounts provided in the Chart of Accounts above. Do NOT create your own account When typing your responses, do NOT include a dollar visn. For example of your answer as 530,000. you should be typing 10.000 or 10,000.00 without any dollarsign Prepare the journal entry to record each bond transaction at the date of issuance. No. Date Account Titles and Explanation Debit ( Credit ($1 1. 1/1 27/1 Bonds Payable 3.9/1 Cash
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