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Selected accounts from Lue Co.'s adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Total equity Equipment Salaries payable
Selected accounts from Lue Co.'s adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Total equity Equipment Salaries payable Accounts receivable Cash Current portion of long-term debt Notes payable (due in 6 years) $ 31,000 41,000 35,000 7,300 53,100 5,000 10,000 Employee federal income taxes payable Federal unemployment taxes payable FICA-Medicare taxes payable FICA-Social Security taxes payable Employee medical insprance payable State unemployment thxes payable Sales tax payable (due in 2 weeks) $9,800 310 510 3.780 3, see 2,700 380 LUE CO. Balance Sheet December 31 Assets Current assots Total current assets 0 1 2 Record the issuance of the bonds. Note: Enter debits before credits. General Journal Debit Credit Date Jan 01 Record entry Clear entry View general Journal On January 1, Renewable Energy issues bonds that have a $60,000 par value, mature in four years, and pay 19% interest semiannually on June 30 and December 31 1. Prepare the journal entry for issuance assuming the bonds are issued at (a) 99 and (b) 1032 2. How much interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry for issuance assuming the bonds are issued at (a) 99 and (b) 103. View transaction list Journal entry worksheet 2 Journal entry worksheet Journal entry worksheet > Record the issuance for bond at 1032. Note: Enter debits before credits Date General Journal Debit Credit Jan 01 Record entry Clear entry View general Journal
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