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someone that actually knows how to do this please Current Attempt in Progress On May 1, 2020. Carla Vista Corp. issued $510.000, 10%, 5-year bonds
someone that actually knows how to do this please
Current Attempt in Progress On May 1, 2020. Carla Vista Corp. issued $510.000, 10%, 5-year bonds at face value. The bonds were dated May 1, 2020, and pay interest annually on May 1. Financial statements are prepared annually on December 31. Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date May 1 2020 Cash 510000 Bonds Payable 510000 eTextbook and Media List of Accounts Attempts: 1 of 3 used Solution Assistance Used Dec 31, 2020 Interest Payable ($510,000 10% * 8/12) - $34.000 List of Accounts Show the balance sheet presentation on December 31, 2020. (Enter account name only and do not provide descriptive information. Round answers to decimal places, eg. 5,675.) Carla Vista Corp. Balance Sheet (Partial) $ $ Step by Step Solution
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