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Keep getting bonds payable wrong, idk what else it could be! Alpine Company issues $2.0 million, 10-year, 7% bonds at 99, with interest payable on
Keep getting bonds payable wrong, idk what else it could be!
Alpine Company issues $2.0 million, 10-year, 7% bonds at 99, with interest payable on December 31. The straight-line method is used to amortize bond discount. - Your answer is partially correct. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Cash 1980000 Discount on Bonds Payable 20000 Bonds Payable 2000000Step by Step Solution
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