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Problem 10-4A Splish Brothers Inc. sold $4,500,000 13% 15-year bonds on January 1 2019. The bonds were dated January 1, 2019, and paid interest on
Problem 10-4A Splish Brothers Inc. sold $4,500,000 13% 15-year bonds on January 1 2019. The bonds were dated January 1, 2019, and paid interest on lanuary 1. The bonds were sold at 96. Prepare e journal entry to record the issuance of the bonds on January 1, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit an. 1, 2019 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT At December 31, 2019, $12,000 of the Discount on Bonds Peyable account has been amortized. Show the balance sheet presentation of the long-term liability at December 31, 2019. (Enter account name only and do not provide descriptive information.) Splish Brothers Ine Balance Sheet SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT On January 1, 2021, when the carrying value of the bonds was $4,395,000, the company redeemed the bonds at 103. Record the redemption of the bonds assuming that interest for the period has already been paid. (Credit account titles are automatically indented when amount is entered. Do not indent manually,) Date Account Titles and Explanation Jan. 1, 2021 Debit Credit Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Question Attempts: 0 of 3 used SAVE FOR LATER ErEwrwswE
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