Question 3 of 4 View Policies Show Attempt History Current Attempt in Progress (a) Your answer is correct. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2025, assuming that the bonds sold at 103. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Cash

Account Titles and Explanation Bonds Payable Premium on Bonds Payable 2/3 E Debit 3038500 Credit 2950000 88500

Concord Corporation sold $2,950,000,9%,5-year bonds on January 1, 2025. The bonds were dated January 1, 2025, and pay interest on January 1. Concord Corporation uses the straight-line method to amortize bond premium or discount. (a) Your answer is correct. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2025, assuming that the bonds sold at 103. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (1) Show the balance sheet presentation for the bond issue at December 31,2025 , using the 103 selling price. (2) Show the balance sheet presentation for the bond issue at December 31, 2025, using the 96 selling price. (2) Show the balance sheet presentation for the bond issue at December 31,2025 , using the 96 selling price. CONCORD CORPORATION Balance Sheet (Partial) $ $ eTextbook and Media Assistance Used eTextbook 1 eTextbook 2 eTextbook 3 List of Accounts Save for Later Attempts: 0 of 3 used Submit