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Instructions Ma Breen Corp. produces and sets wind energy driven engines. To finances operations, Mia Breen issued $29.700,000 of 20 year, 6% callable bonds on
Instructions Ma Breen Corp. produces and sets wind energy driven engines. To finances operations, Mia Breen issued $29.700,000 of 20 year, 6% callable bonds on May 1 Year 1, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar you. Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of accounts. Year 1 May Nov. Years Nov 1 1 issued the bonds for cash at their face amount Paid the interest on the bonds, 1 the rate provided in the bord indenture. (Om entry for payment of Cred the bond issue at interest.) cons Journal amount Journalize the entries to record the selected transactions for the year 1. Refer to the Chart of Accounts for exact wording of account Journa PAGE 10 ACCOUNTING EQUATION MUTSUITES DESCRIPTION POSTREDOM O RODIT ASSETS ALTRES OUTY Journalize the entries to record the selected transactions for the year 5. Refer to the Chart of Accounts for exact wording of accountles. Journal JOURNAL ACCOUNTING EQUATION DESCRIPTION CREDIT ASSETS LIABILITIES EQUITY
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