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I would greatly appreciate assistance with this multi step problem. Thanks in advance! Kershaw Electric sold $6,000,000 10%, 15-year bonds on January 1, 2019 The

I would greatly appreciate assistance with this multi step problem. Thanks in advance! image text in transcribed
image text in transcribed
Kershaw Electric sold $6,000,000 10%, 15-year bonds on January 1, 2019 The bonds were dated January 1, 2019, and paid interest on January at 98. ? The bonds were sold Prepare the journal entry to record the issuance of the bonds on January 1, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2019 HOW LEST OF ACCOUNTS At December 31, 2019, $8,000 of the Discount on Bonds Payable account has been amortized. Show the balance sheet presentation of the long-term hability at December 31, 2019. (Enter account name only and do not provide descriptive information Kershaw Electric Balance Sheet

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