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On the first day of the fiscal year, a company issues a $930,000, 10%, 5-year bond that pays semiannual interest of $37,200 ($930,000 10% 1/2),
On the first day of the fiscal year, a company issues a $930,000, 10%, 5-year bond that pays semiannual interest of $37,200 ($930,000 10% 1/2), receiving cash of $884,170.
Required: | |
Journalize the entry to record the issuance of the bonds. Refer to the Chart of Accounts for exact wording of account titles. |
Chart Of Accounts
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General Ledger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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General Journal
Journalize the entry to record the issuance of the bonds on July 1. Refer to the Chart of Accounts for exact wording of account titles.
PAGE 1
JOURNAL
DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | |
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1 |
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2 |
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3 |
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