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plz get answers Bonita Limited issued $5,000,000 of 10-year, 8% bonds on January 1, 2021, when the market interest rate was 9%. Bonita received $4,674,788
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Bonita Limited issued $5,000,000 of 10-year, 8% bonds on January 1, 2021, when the market interest rate was 9%. Bonita received $4,674,788 when selling the bonds. Interest is payable semi-annually on July 1 and January 1. Bonita has a December 31 year end. (a) Your answer has been saved. See score details after the due date. Record the issue of the bonds on January 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit Jan. 1 Cash 4,674,788 Bonds Payable 325212 Record the payment of interest on July 1, 2021. (Round answers to O decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit July 1Step by Step Solution
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