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Required: 1. to 4. Prepare the journal entries to record their issuance by Strauss-Lombardi on February 1, 2021, interest on July 31, 2021 (at the
Required: 1. to 4. Prepare the journal entries to record their issuance by Strauss-Lombardi on February 1, 2021, interest on July 31, 2021 (at the effective rate), adjusting entry to accrue interest on December 31, 2021 and interest on January 31, 2022. (Do not round your intermediate calculations and round your final answers to nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answer is not complete.
No | Date | General Journal | Debit | Credit |
---|---|---|---|---|
1 | February 01, 2021 | Cashselected answer correct | not attempted | not attempted |
Discount on bonds payableselected answer correct | not attempted | not attempted | ||
Bonds payableselected answer correct | not attempted | not attempted | ||
2 | July 31, 2021 | Interest expenseselected answer correct | not attempted | not attempted |
Discount on bonds payableselected answer correct | not attempted | not attempted | ||
Cashselected answer correct | not attempted | not attempted | ||
3 | December 31, 2021 | Interest expenseselected answer correct | not attempted | not attempted |
Discount on bonds payableselected answer correct | not attempted | not attempted | ||
Interest payableselected answer correct | not attempted | not attempted | ||
4 | January 31, 2022 | Interest expenseselected answer correct | not attempted | not attempted |
Interest payableselected answer correct | not attempted | not attempted | ||
Discount on bonds payableselected answer correct | not attempted | not attempted | ||
Cashselected answer correct | not attempted | not attempted |
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