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On January 1 , 2 0 2 5 , Buffalo Company issued $ 3 9 6 , 0 0 0 of 9 % , 1
On January Buffalo Company issued $ of year bonds at par. Interest is payable quarterly on April July October and January
On June Carla Company issued $ of year bonds dated January at par plus accrued interest. Interest is payable semiannually on July and January
For each of these two independent situations, prepare journal entries to record the following. If no entry is required, select No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.
a The issuance of the bonds.
b The payment of interest on July
c The accrual of interest on December
Date
Account Titles and Explanation
Buffalo Company:
Debit
C
Carla Company:
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