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hello I have attached a word doc, please have only B1 solved hope you can show me how you go to the asnwers. thank you
hello I have attached a word doc, please have only B1 solved hope you can show me how you go to the asnwers. thank you deadline is today 20 minutes,. thanks
Whitmore Company issued $530,000 of 5-year, 5% bonds at 99 on January 1, 2017. The bonds pay interest annually. (a1) Your answer is correct. 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.) Account Titles and Explanation Cash Discount on Bond Bonds Payable Debit Credit 524,700 5,300 530,000 Show List of Accounts Show Answer Link to Text (a2) Attempts: 1 of 3 used Your answer is correct. Compute the total cost of borrowing for these bonds. $ Total cost of borrowing 137,800 Show List of Accounts Show Solution Show Answer Link to Text Attempts: 2 of 3 used (b1) Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 105. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit CreditStep by Step Solution
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