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On May 1, 2022, Wildhorse Corp. issued $600,000, 10%, 5-year bonds at face value. The bonds were dated May 1, 2022, and pay interest annually
On May 1, 2022, Wildhorse Corp. issued $600,000, 10%, 5-year bonds at face value. The bonds were dated May 1, 2022, and pay interest annually on May 1. Financial statements are prepared annually on December 31. (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date May 1, 2022 Account Titles and Explanation Cash Bonds Payable Debit 600000 Credit 600000 please help o cant get past this part. i got part A and Part B right but thats it. PLEASE do Part C, D, E, and F. THANK YOU SO MUCH On May 1,2022, Wildhorse Corp. issued $600,000,10%,5-year bonds at face value. The bonds were dated May 1, 2022, and pay interest annually on May 1. Financial statements are prepared annually on December 31. (a) Prepare the journal entry to record the issuance of the bonds. (Credit account titles are outomatically indented when amount is entered. Do not indent manually.) Prepare the adjusting entry to record the accrual of interest on December 31, 2022. (Credit account titles are automotically indented when amount is entered. Do not indent manually.) Show the balance sheet presentation on December 31, 2022. (Enter account name only and do not provide descriptive information.) Prepare the journal entry to record payment of interest on May 1,2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the adjusting entry to record the accrual of interest on December 31, 2023. (Credit account tities are automatically indented when amount is entered. Do not indent manually.) Assume that on January 1,2024, Wildhorse pays the accrual bond interest and calls the bonds. The call price is 105 . Record the payment of interest and redemption of the bonds. (Credit occount titles are outomatically indented when amount is entered. Do not indent manually.)
On May 1, 2022, Wildhorse Corp. issued $600,000, 10%, 5-year bonds at face value. The bonds were dated May 1, 2022, and pay interest annually on May 1. Financial statements are prepared annually on December 31. (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date May 1, 2022 Account Titles and Explanation Cash Bonds Payable Debit 600000 Credit 600000
please help o cant get past this part. i got part A and Part B right but thats it. PLEASE do Part C, D, E, and F. THANK YOU SO MUCH
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