Question
On Jan 1, 2020, Watermelon Co. issued $1, 000, 000 of 10%, 5 year bonds payable. at 105. Watermelon Co. will pay interests on
On Jan 1, 2020, Watermelon Co. issued $1, 000, 000 of 10%, 5 year bonds payable. at 105. Watermelon Co. will pay interests on Jan 1 and July 1. A. at par (1) The bonds were issued ( ) (3 points for this question) B. at a discount C. at a premium (2) How to record the issuance of bonds for Watermelon Co. in the general. journal? (6 points for this question) Account Debit Credit (3) How to record the first interest payment for Watermelon Co. on next interest payment date? (6 points for this question) Account Debit Credit
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