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What would be the journal entries along with the debit/credit amounts? Presented below is a partial amortization schedule for Discount Pizza (1) (2) (3) Cash
What would be the journal entries along with the debit/credit amounts?
Presented below is a partial amortization schedule for Discount Pizza (1) (2) (3) Cash Paid for Interest (4) Increase in Carrying Value Interest Expense Period Issue date Carrying Value $61,310 61,476 61,648 $1,980 1,980 $2,146 2,152 $166 172 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $66,000. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal General Jo Credit Debit 57,000 Cash Bonds Payable 57,000 2 3,990 Interest Expense Cash 3,990Step by Step Solution
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