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Please use accounting paper or clear debit and credit side so I can understand the transaction thank you. FINANCIAL ACCOUNTING II months = 7x150 William

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Please use accounting paper or clear debit and credit side so I can understand the transaction thank you. image text in transcribed
FINANCIAL ACCOUNTING II months = 7x150 William D. Kidd, Inc. authorized $300,000 pf 6% callable bonds on June 1, 2011 These securities would pay interest annually on each May 31", and they are scheduled to mature on May 31, 2020. On January 2, 2015, Kidd issued all of the bonds in exchange for a building with a fair value of $274,000. The debt was collateralized by machinery and equipment with a market value of $412,000. The bond investors paid all accrued interest in cash. On August 31, 2017, Kidd called the bonds and paid the bondholders $1,100 for each $1,000) bond outstanding. Kidd also paid all interest payable as of that date. Provide the journal entries relating to the bonds that Kidd would make on June 1, 2011, January 2, 2015, and August 31, 2017 FINANCIAL ACCOUNTING II months = 7x150 William D. Kidd, Inc. authorized $300,000 pf 6% callable bonds on June 1, 2011 These securities would pay interest annually on each May 31", and they are scheduled to mature on May 31, 2020. On January 2, 2015, Kidd issued all of the bonds in exchange for a building with a fair value of $274,000. The debt was collateralized by machinery and equipment with a market value of $412,000. The bond investors paid all accrued interest in cash. On August 31, 2017, Kidd called the bonds and paid the bondholders $1,100 for each $1,000) bond outstanding. Kidd also paid all interest payable as of that date. Provide the journal entries relating to the bonds that Kidd would make on June 1, 2011, January 2, 2015, and August 31, 2017

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