hi instructor,
actually i am stuck with this problem. i did the journal. can you please verify is all of my journal correct or no.
FINANCIAL ACCOUNTING II On The JJJ Company has a fiscal year that ends on May 31s September 1, 2015, JJJ authorized $800,000 of 8-year bonds, at 6% interest, with interest payable to bondholders each August 31st. On March 1, 2017, JJJ issued 600 of the bonds at a premium and received a total of $649,200 in exchange. JJJ records amortization in its records only at interest payment dates and at its fiscal year-end. Prepare all journal entries relating to the company's bonds during the period September 1, 2015 through August 31, 2017. Date Intials JJJ COMPany General Journal Prepared By Approved By OWILSON JONES ar204 GREEN eredt Debrt Dote 3 01 Cash 2 2 Hnrest Payablr Premiuman B/P 05 3 mterest expense Intarest Rapal 41924 5 loldd 6 7 1328 Premium on Gonds payabse Interest expensc os 31 Tricyes t expenSe Hnterest fayabre Cash Premum an BdAds payaSe Interest PayabGle 9 10 10 plolaa 11 11 12 12 13 13 1893 14 14 15 15 16 16 FINANCIAL ACCOUNTING II On The JJJ Company has a fiscal year that ends on May 31s September 1, 2015, JJJ authorized $800,000 of 8-year bonds, at 6% interest, with interest payable to bondholders each August 31st. On March 1, 2017, JJJ issued 600 of the bonds at a premium and received a total of $649,200 in exchange. JJJ records amortization in its records only at interest payment dates and at its fiscal year-end. Prepare all journal entries relating to the company's bonds during the period September 1, 2015 through August 31, 2017. Date Intials JJJ COMPany General Journal Prepared By Approved By OWILSON JONES ar204 GREEN eredt Debrt Dote 3 01 Cash 2 2 Hnrest Payablr Premiuman B/P 05 3 mterest expense Intarest Rapal 41924 5 loldd 6 7 1328 Premium on Gonds payabse Interest expensc os 31 Tricyes t expenSe Hnterest fayabre Cash Premum an BdAds payaSe Interest PayabGle 9 10 10 plolaa 11 11 12 12 13 13 1893 14 14 15 15 16 16