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On March 31. 2019, when the market rate was 7. Haier Inc issued 5950,000.7N, 10-year bonds. The bonds were dated December 31, 2018 and were
On March 31. 2019, when the market rate was 7. Haier Inc issued 5950,000.7N, 10-year bonds. The bonds were dated December 31, 2018 and were issued at par plus accrued interest interest is payable semiannually on June 30 and December 31 Prepare the journal entries to record the issuance of the bonds and the first semiannual interest payment your answer should be in the form of OR account name and dollar value CR account name and do al marks) For the toolbar, press ALT F10 (PC) ALTOFN:F10 (Mac). TTT Arial 311211 T.EE Moving to another Question 37 1 points Save A Cerner Industrial Inc. retires its bonds (par value $100,000) at 105 on January 1 immediately following the payment of semiannual interest. The carrying value of the bonds at retirement date is $103,745. Cerner's journal entry to record the retirement will include a Debit to Premium on Bonds Credit to Premium on Bonds Debit to Discount on Bonds Credit to Bonds Payable Credit to Gain on Retirement of Bonds
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