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the first one is the two problems & the second photo is the format needed. Please pay attention to the format. theres an extra step
the first one is the two problems & the second photo is the format needed. Please pay attention to the format. theres an extra step added to some of the entries. like the entries need tl be seperated a bit. Supplementals On March 31, 2020 Forrester Company issued $500,000, 8%, 5 year bonds at face value. Interest is payable on September 30 and March 31 of each year Prepare the entry for March 31, 2020: Prepare the entry to pay interest on September 30, 2020: Prepare the entry to true interest on December 31, 2020: Supplemental #6 Adcock Company issued $700,000,9% 20 years bonds at 103 on April 30, 2020 Interest is payable on October 31 and April 30 of each year. Prepare the entry to for April 30, 2020: Prepare the entry to pay interest on October 31 and amortize the premium: Prepare the entry to accrue interest on December 31, 2020 and amortize the premium: Supplemental #5 CR 3/31/2020 Cash DR 500000 bonds pay 500000 9/30/2020 12/31/2020 Interest Payable 3/31/2021 Interest Expense 1 Supplemental #6 2 3 4/30/2020 4 Premium 5 6 7 10/31/2020 8 9 0 1 Interest Expense 2 13 12/31/2020 34 35 56 Premium 17 48 194/30/2021 Interest Payable 50 51 52 53 Premium 54 55 56
the first one is the two problems & the second photo is the format needed. Please pay attention to the format. theres an extra step added to some of the entries. like the entries need tl be seperated a bit.
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