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Tamarisk, Inc. issued 3,200, 8%, 5-year, $1,000 bonds dated January 1, 2019, at 100, Interest is paid each January 1 Your answer is correct. Prepare
Tamarisk, Inc. issued 3,200, 8%, 5-year, $1,000 bonds dated January 1, 2019, at 100, Interest is paid each January 1 Your answer is correct. Prepare the journal entry to record the sale of these bonds on January 1, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit an. 1 TCash 200,000 ,200,000 nds Payabl Your answer is partially correct. Try again. Prepare the adjusting journal entry on December 31, 2019, to record interest expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date Dec. 31TInterest Expense 128,000 128,000 Bonds Payable Your answer is partially correct. Try again. Prepare the journal entry on January 1, 2020, to record interest paid. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1Bonds Payable 128,000 128,000
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