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I just need the Bond interest expense and the debit for discount on bonds payable Knowledge Check 01 On December 31 Wintergreen. Incorporated, issued $150,000
I just need the Bond interest expense and the debit for discount on bonds payable
Knowledge Check 01 On December 31 Wintergreen. Incorporated, issued $150,000 of 7 percent, 10-year bonds at a price of 93.25. Wintergreen recelved $139,875 when it issued the bonds (or $150,000 9325). After recording the related entry, Bonds Payable had a balance of $150,000 and Discounts on Bonds Payable had a balance of $10,125. Wintergreen uses the straight-line bond amortization method. The first semiannual interest payment was made on June 30 of the next year. Complete the necessary journal entry for June 30 by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns No Credit Data Dec. 31 Answer is not complete. General Journal Bond interest expense Discount on bonds payable Cash Debit 5,063 1 OOO 5.250 Step by Step Solution
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