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Please help me finish the following Journal entries (please see attached): On March 1, 2013, Stratford Lighting issued 10% bonds, dated March 1, with a
Please help me finish the following Journal entries (please see attached):
On March 1, 2013, Stratford Lighting issued 10% bonds, dated March 1, with a face amount of $690,000. The bonds sold for $678,000 and mature on February 28, 2033 (20 years). Interest is paid semiannually on August 31 and February 28. Stratford uses the straight-line method and its fiscal year ends December 31. |
On March 1, 2013, Stratford Lighting issued 10% bonds, dated March 1, with a face amount of 3690.000 The bonds sold for $678,000 and mature on February 282003 (20 years) Interest is paid semiannually on August 31 and February 28, Stratford won the straight-line method and its fiscal year ends December 31 Required: 1. Prepare the journal entry to record the issuance of the bonds by Stratford Lighting on March 1, 2013 . no entry is required for a transaction, select "No journal entry required in the first account field.) View transaction list View journal entry worksheet General Journal Debit. Credit Date. PETMarch 01 678,000 2013 Cash Discount on bonds payable Bonds payable 12,,000 N NN 690,000
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