Problem 10-4A (Part Level Submission)

On October 1, 2016, Swifty Corp. issued $720,000, 6%, 10-year bonds at face value. The bonds were dated October 1, 2016, and pay interest annually on October 1. Financial statements are prepared annually on December 31.

Problem 10-4A (Part Level Submission) On October 1, 2016, Swifty Corp. issued $720,000, 6%, 10-year bonds at face value. The bonds were dated October 1, 2016, and pay interest annually on October 1. Financial statements are prepared annually on December 31. (a) Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Debit Account Titles and Explanation Credit Date Oct. 1, 2016 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: 0 of 2 used SAVE FOR LATER SUBMIT ANSWE