Question
On January 1, 2018, Sheridan Corporation issued $5800000, 10-year, 9% bonds at 101. Interest is payable annually on January 1. The journal entry to record
On January 1, 2018, Sheridan Corporation issued $5800000, 10-year, 9% bonds at 101. Interest is payable annually on January 1. The journal entry to record this transaction on January 1, 2018 is
| Cash | 5858000 | |
| Bonds Payable | 5800000 | |
| Premium on Bonds Payable | 58000 |
| Premium on Bonds Payable | 58000 | |
| Cash | 5800000 | |
| Bonds Payable | 5858000 |
| Cash | 5800000 | |
| Bonds Payable | 5800000 |
| Cash | 5858000 | |
| Bonds Payable | 5858000 |
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Auditing A Risk Based Approach to Conducting a Quality Audit
Authors: Karla Johnstone, Audrey Gramling, Larry E. Rittenberg
10th edition
978-1305080577
