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Problem 15-02A a-c (Video) Sandhill Electric sold $4,565,000, 11%, 10-year bonds on January 1, 2020. The bonds were dated January 1, 2020, and paid interest
Problem 15-02A a-c (Video) Sandhill Electric sold $4,565,000, 11%, 10-year bonds on January 1, 2020. The bonds were dated January 1, 2020, and paid interest on January 1. The bonds were sold at 95. Prepare the journal entry to record the issuance of the bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2020 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM At December 31, 2020, $8,100 of the Discount on Bonds Payable account has been amortized. Show the balance sheet presentation of the long-term liability at December 31, 2020. (Enter account name only and do not provide descriptive information.) Sandhill Electric Balance Sheet (Partial) $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM for the period has already On January 1, 2022, when the carrying value of the bonds was $4,352,950, the company redeemed the bonds 101. Record the redemption of the bonds assuming that paid. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2022 Click if you would like to Show Work for this question: Open Show Work
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