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Pharoah Company issued $ 2 7 0 , 0 0 0 of 8 % , 2 0 - year bonds on January 1 , 2
Pharoah Company issued $ of year bonds on January at face value. Interest is payable annually on January
a
Prepare the journal entry to record the issuance of the bonds. List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no
entry is required, select No Entry" for the account titles and enter for the amounts.
b
Prepare the journal entry to record the accrual of interest on December List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not
indent manually. If no entry is required, select No Entry" for the account titles and enter O for the amounts.
Date
c
Prepare the journal entry to record the payment of interest on January List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not
indent manually. If no entry is required, select No Entry" for the account titles and enter O for the amounts.
Date
Account Titles and Explanation
Debit
Credit
d
Prepare the journal entry to record the redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded. List all debit entries before credit entries. Credit
account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter O for the amounts.
PLEASE ANSWER D
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