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plz help less than 10mins left part b plz onwards Current Attempt Progress On January 1, 2022, Sheffield Corporation issued $1,900,000 face value, 7%, 10-year
plz help less than 10mins left
Current Attempt Progress On January 1, 2022, Sheffield Corporation issued $1,900,000 face value, 7%, 10-year bonds at $1.772,508. This price resulted in an effective-interest rate of 8% on the bonds. The bonds pay annual interest, each January 1. Sheffield has a calendar year end. (a) Your answer has been saved. See score details after the due date: Prepare the journal entry to record the issue of the bonds on January 1, 2022. (list all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Jan. 1. can 1772500 SHEFFIELD CORPORATION Bond Discount Amortization Effective-Interest Method - Annual Interest Payments 7% Bonds Issued at 8% Annual Interest Periods Interest Payment Interest Expense Discount Amortization Unamor Discoun Issue date-Jan 1, 2022 hone 1 - Jan 1, 2023 2 - Jan 1, 2024 3 - Jan. 1, 2025 .../6 ii SHEFFIELD CORPORATION Bond Discount Amortization Effective-Interest Method - Annual Interest Payments 7% Bonds Issued at 8% Discount Amortization Interest Expense Bond Carrying Amount Unamortized Discount $ $ $ $ part b plz onwards
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