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Please help me complete this. I have been struggling for quite some time, and mainly I need the answer. Thank you ! 22) On December
Please help me complete this. I have been struggling for quite some time, and mainly I need the answer. Thank you ! 22) On December 1, 2019, Goliath Corporation borrowed $120,000 on a three month, 10% note. Goliath's year end is December 31. Required: a) Prepare the journal entries for December 1, 2019 and March 1, 2020 for Goliath Corporation. Omit explanations. (9 pts) b) At December 31, 2019, what is reported on the balance sheet? (1 point) 23) ZZZ Co borrowed money by issuing $100,000 of bonds at 98 on January 1, 2020. The bonds pay interest on January 1 and July 1. The stated rate of interest is 6% and the bonds mature in 5 years. Any discount or premium is amortized using the straight-line method. Required: (Each part worth 4 pts) Prepare journal entries on the following dates: 1. January 1, 2020 2 July 1, 2020 Omit explanations
Please help me complete this.
I have been struggling for quite some time, and mainly I need the answer.
Thank you !
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