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i need help with the rest of the 2 balance sheets for premium and for discount Show balance sheet presentation for the bonds at December
i need help with the rest of the 2 balance sheets for premium and for discount
Show balance sheet presentation for the bonds at December 31, 2020. (Enter account name only and do not provide descriptlve Information.) Sheridan Company soid $2,500,000,9%,10-year bonds on January 1, 2020. The bonds were dated January 1, 2020 and pay interest annually on January 1 . Sheridan Company uses the straight-line method to amortize bond premium or discount. (a) Your answer is correct. Pregare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2020. assuming that the bonds sold at 101. (Credit account tities are automatically indented when amount is entered. Do not indent manually. Record) joumal entries in the order presented in the problem.) Credit \begin{tabular}{|r|} \hline 25000 \\ \hline 2500000 \\ \hline \end{tabular} interest Expense Premium on Bonds Payable Interost Payablo Prepare all the necessary jcumal entries to record the issuance of the bonds and bond interest expense for 2020 , assuming that the bonds are sold at 95. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Step by Step Solution
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