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help me with this hw On March 31, 2021, Gardner Corporation received authorization to issue $90,000 of 9 percent, 30 -yeor bonds payable. The bonds
help me with this hw
On March 31, 2021, Gardner Corporation received authorization to issue $90,000 of 9 percent, 30 -yeor bonds payable. The bonds pay interest on March 31 and September 30. The entire issue was dated March 31, 202t, but the bonds were not assued until Apri 30.2021. They were issued at face value. a. Prepare the journal entry at April 30,2021 , to record the sale of the bonds. b. Prepare the joumal entry at September 30,2021, to record the semlannual bond interest payment. c. Prepare the adjusting entry at December 31, 2021, to record bond interest expense accrued since September 30, 202t. (Assume that no monthly adjusting entries to accrue interest expense had been made prior to December 31, 202t) (it no entry is required for a transaction/event, select "No journal entry required" in the fist account field) Journal entry worksheet 3 Record the sale of bonds. On Maren 31, 202t, Garaner Corperatian receved tumorizution to issue $90,000 of 9 percent, 30 -year bondi payable. The bondz puy Interest an Maech 31 and September.30. The entre iswe wis dsted March 21.2021, but the bonds were not issed ont Apri 39 . 202 . They wore issued at face value. a. Prepace the journal ertry of A b. Prepare the jeurnol entry at September 30, 202t, to record the semianewal bond incerem payment. c. Prepace the adjusting entry at December J1, 2021, to record bond interest expemse aconved since September 39. 2021 . Assume. that no mortily edjubiling entries to accrue interest copense hod bew mide prior to December J1. 20241 of ne entry is requiced for a transaction/ rent, select "Wo journat entry cequiced" in the first account fieid. Journal entry worksheet Freond the semianeule bond interet pavemene. They were issued at face value. a. Prepore the joumal entry at April 30,2021 , to recoed the swe of the bonds. b. Prepare the joumde entry at September 30,2021 , to record the semisnnual bond inserest payment. c. Prepare the odjisting entry at December 31, 2021, to record bend interest expenee accued since 5 eptember 30,202t. Lasume. that no monthly adjusting entnes to accue imerest eupense had been mode pelot to December 3t, 2024 . (ft no entry ls required for a transaction/event, select "No journal entry required" in the first account fiela.) Journal entry worksheet Aecoed the adjusting etery to recognise three months' intereat On March 31, 2021, Gardner Corporation received authorization to issue $90,000 of 9 percent, 30 -yeor bonds payable. The bonds pay interest on March 31 and September 30. The entire issue was dated March 31, 202t, but the bonds were not assued until Apri 30.2021. They were issued at face value. a. Prepare the journal entry at April 30,2021 , to record the sale of the bonds. b. Prepare the joumal entry at September 30,2021, to record the semlannual bond interest payment. c. Prepare the adjusting entry at December 31, 2021, to record bond interest expense accrued since September 30, 202t. (Assume that no monthly adjusting entries to accrue interest expense had been made prior to December 31, 202t) (it no entry is required for a transaction/event, select "No journal entry required" in the fist account field) Journal entry worksheet 3 Record the sale of bonds. On Maren 31, 202t, Garaner Corperatian receved tumorizution to issue $90,000 of 9 percent, 30 -year bondi payable. The bondz puy Interest an Maech 31 and September.30. The entre iswe wis dsted March 21.2021, but the bonds were not issed ont Apri 39 . 202 . They wore issued at face value. a. Prepace the journal ertry of A b. Prepare the jeurnol entry at September 30, 202t, to record the semianewal bond incerem payment. c. Prepace the adjusting entry at December J1, 2021, to record bond interest expemse aconved since September 39. 2021 . Assume. that no mortily edjubiling entries to accrue interest copense hod bew mide prior to December J1. 20241 of ne entry is requiced for a transaction/ rent, select "Wo journat entry cequiced" in the first account fieid. Journal entry worksheet Freond the semianeule bond interet pavemene. They were issued at face value. a. Prepore the joumal entry at April 30,2021 , to recoed the swe of the bonds. b. Prepare the joumde entry at September 30,2021 , to record the semisnnual bond inserest payment. c. Prepare the odjisting entry at December 31, 2021, to record bend interest expenee accued since 5 eptember 30,202t. Lasume. that no monthly adjusting entnes to accue imerest eupense had been mode pelot to December 3t, 2024 . (ft no entry ls required for a transaction/event, select "No journal entry required" in the first account fiela.) Journal entry worksheet Aecoed the adjusting etery to recognise three months' intereat Step by Step Solution
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