Instructions On January 1, the first day of the fiscal year, a company issues a $1,550,000, 12 , five year bond that pays semiannual interest of $93,000 ($1,550,000 x 12 x 42), receiving cash of $1,503, 140 Journalize the bond issuance Refer to the Chart of Accounts for exact wording of account titles Journal Journalize the bond issuance Refer to the Chart of Accounts for exact wording of account titles PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 On January 1, the first day of the fiscal year, a company issues a $2,250,000, 9 , five year bond that pays semiannual interest of $101,250 ($2,250,000 x 9 x 42), receiving cash of $2,379,570 Journalize the bond issuance Refer to the Chart of Accounts for exact wording of account titles Journal Journalize the bond issuance Refer to the Chart of Accounts for exact wording of account titles PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3

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Instructions On January 1, the first day of the fiscal year, a company issues a $1,550,000, 12 , five year bond that pays semiannual interest of $93,000 ($1,550,000 x 12  x 42), receiving cash of $1,503, 140  Journalize the bond issuance  Refer to the Chart of Accounts for exact wording of account titles  Journal Journalize the bond issuance  Refer to the Chart of Accounts for exact wording of account titles  PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST  REF  DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 On January 1, the first day of the fiscal year, a company issues a $2,250,000, 9 , five year bond that pays semiannual interest of $101,250 ($2,250,000 x 9  x 42), receiving cash of $2,379,570  Journalize the bond issuance  Refer to the Chart of Accounts for exact wording of account titles  Journal Journalize the bond issuance  Refer to the Chart of Accounts for exact wording of account titles  PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST  REF  DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3

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Instructions On January 1, the first day of the fiscal year, a company issues a $1,550,000, 12%, five-year bond that pays semiannual interest of $93,000

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