Ratzlaff Company issues 2 million, 10-year, 8% bonds at 97, with interest payable on July 1 and January 1.

6/25/2016 IFRS 104 Print by: FALICIA NEWSOME ACC/291 50155874 / Assignment: Week 3 Assignment IFRS 104 Ratzlaff Company issues 2 million, 10year, 8% bonds at 97, with interest payable on July 1 and January 1. Prepare the journal entry to record the sale of these bonds on January 1, 2014. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Assuming instead that the above bonds sold for 104, prepare the journal entry to record the sale of these bonds on January 1, 2014. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Question Attempts: 0 of 3 used Copyright 20002016 by John Wiley & Sons, Inc. or related companies. All rights reserved. http://edugen.wiley.com/edugen/shared/assignment/test/qprint.uni 1/1