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The board of directors of Laptops Plus authorized the issue of $8,000,000 of 6%,10-year bonds payable. The semiannual interest dates are May 31 and November
The board of directors of Laptops Plus authorized the issue of $8,000,000 of 6%,10-year bonds payable. The semiannual interest dates are May 31 and November 30. The bonds are issued on May 31, 2021, at par. Read the requirements. Requirement 1. Journalize the transactions a through d. (Record debits first, then credits. Exclude explanations from journal entries.) a. Issuance of half of the bonds on May 31, 2021 Requirements 1. Journalize the following transactions: a. Issuance of half of the bonds on May 31, 2021 b. Payment of interest on November 30,2021 c. Accrual of interest on December 31, 2021 d. Payment of interest on May 31, 2022 2. Report interest payable and bonds payable as they would appear on the company's balance sheet at December 31, 2021. *k answe Review the following transactions of Trahan Communications, Inc.: (Click the icon to view the transactions.) Read the requirements. 2 Requirement 1. Journalize the transactions of Trahan Communications Inc. (Record debits first, then credits. Exclude explanations from any journal entries.) January 1, 2021: Issued $7,000,000 of 5\%, 10-year bonds payable at 96 . Interest payment dates are July 1 and January 3 1. 4 Journal Entry \begin{tabular}{cccc} \hline Date & Accounts & Debit & Credit \\ \hline 2021 & & \end{tabular} Jan 1 More info
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