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I want number b answered correctly. Thank you Exercise 15-4 (Part Level Submission) Laudie Company issued $335,500 of 8%, 10-year bonds on January 1, 2017,
I want number b answered correctly. Thank you
Exercise 15-4 (Part Level Submission) Laudie Company issued $335,500 of 8%, 10-year bonds on January 1, 2017, at face value. Interest is payable annually on January 1. Your answer is correct Prepare the journal entry to record the issuance of the bonds. (Credit account tithers are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Date Debit Credit Jan 1, 2017 Tcash 335,500 335,500 Bonds Payable Click if you would like to show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT Attempts: 2 of 5 used Your answer is partially correct. Try again. Prepare the journal entry to record the accrual of interest on December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debat Credit Dec 31, 2017 interest Expense 0-41,937 Interest Payable Click if you would like to show Work for this question: Modify Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT Step by Step Solution
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