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Help with some liabilite queestion. Please show your work if you can. Thanks. Brief Exercise 14-2 The Colson Company issued $337,000 of 8% bonds on
Help with some liabilite queestion. Please show your work if you can. Thanks.
Brief Exercise 14-2 The Colson Company issued $337,000 of 8% bonds on January 1, 2014. The bonds are due January 1, 2020, with interest payable each July 1 and January 1. The bonds are issued at face value. Prepare Colson's journal entries for (a) the January issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit No. Date (a) January 1, 2014 Cash Bonds Payable (b) July 1, 2014 (c) December 31, 2014 Click if you would like to Show Work for this question Open Show Work SHOW LIST OF ACCOUNTSStep by Step Solution
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