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Question 2 of 6 - 16 Prepare the necessary joumal entries to record the following transactions relating to the long term issuance of bonds of
Question 2 of 6 - 16 Prepare the necessary joumal entries to record the following transactions relating to the long term issuance of bonds of Wildhorse Co. (Credit account titles are automatically indented when the amount is entered. Do not indent manually no entry is required, select "No Entry for the account titles and enter Ofor the amounts:) March 1 issued 54.480.000 face value Wildhorse Co second mortgage 8% bonds for $4,384,096, including accrued interest. Interestis sayable semiannually on December i and June 1 with the bonds maturing 10 years from this past December 1. The bonds are callable at 102 June 1 Paid semiannual interest on Wildhorse Co bonds. (Use straight-line amortization of any premium or discount) December 1 Paid semiannual interest on Wildhorse Co bonds and purchased $2.240,000 lace value bonds at the call price in accordance with the provisions of the bond inderture Account Titles and Explanation Date March 1 Debit Credit December to record ston (o carburant
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