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please help with homework - will rate On April 1, 2019, Pina issued $2,280,000, 9% bonds for $2,452,671 including accrued interest. Interest is payable annually
please help with homework - will rate
On April 1, 2019, Pina issued $2,280,000, 9% bonds for $2,452,671 including accrued interest. Interest is payable annually on January 1, and the bonds mature on January 1, 2029. (Credit account tities are automatically indented when the 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.) Debit (b) On July 1, 2021 Pina retired $684,000 of the bonds at 102 plus accrued interest. Pina uses straight-line amortization. (Credit account titles are automatically indented when the 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. Round answers to O decimal places, e.g. 5,275.) Account Titles and Explanation Credit Interest Expense Premium on Bonds Payable Cash (To record interest and premium on bonds) Bonds Payable 684,000 Premium on Bonds Paya 28,009 Cash 697,680 Gain on Redemption of Bon (To record entry for retirement of bonds) Click if you would like to show Work for this question: Open Show Work Attempts: 0 of 1 used
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