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On January 1, 2020, Wildhorse Corporation issued $5,000,000, 8%, 5-year bonds dated January 1, 2020, at 96. The bonds pay annual interest on January
On January 1, 2020, Wildhorse Corporation issued $5,000,000, 8%, 5-year bonds dated January 1, 2020, at 96. The bonds pay annual interest on January 1. The company uses the straight-line method of amortization and has a calendar year end. Prepare all the journal entries that Wildhorse Corporation would make related to this bond issue through January 1, 2021. Be sure to indicate the date on which the entries would be made. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit
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