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On January 31, 2018, Daughtry Logistics Inc issued ten-year 2% bonds payable with a face value of $13 000 000 The bonds were issued at
On January 31, 2018, Daughtry Logistics Inc issued ten-year 2% bonds payable with a face value of $13 000 000 The bonds were issued at 97 and pay interest on January 31 and July 31. Daughtry Logistics amortizes bond discounts using the straight-line method Read the requirement a. Record the issuance of the bond payable on January 31, 2018 (Record debits first then credts Exclude explanations from any journal entries ) Journal Entry Date Accounts Debit Credit Jan 31 b. Record the payment of semiannual interest and amortization of bond discount on July 31 2018 Journal Entry Accounts Debit Credit Date On January 31, 2018. Daughtry Logistics Inc. issued ten year, 2% bonds payable with a face value of S13 000 000 The bonds were issued at 97 and pay interest on January 31 and July 31. Daughtry Logistics amortizes bond discounts using the straight-line method. Read the requirement Journal Entry Date Accounts Debit Credit July 31 2527 c. Record the interest accrual and discount amortization on December 31. 2018. (Do not round intermediary calculations Only round the amount you input in the cell to the nearest whole dollar) Journal Entry Date Accounts Debit Credit On January 31, 2018, Daughtry Logistics Inc. issued ten year, 2% bonds payable with a face value of S 13,000,000. The bonds were issued at 97 and pay interest on January 31 and July 31. Daughtry Logistics amortizes bond discounts using the straight-line method. Read the requirement c. Record the interest accrual and discount amortization on December 31, 2018 (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest whole dollar) Journal Entry Date Accounts Debit Credit Dec 31 Choose from any list or enter any number in the input fieids and then continue to the next
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