rachel2005smith
15.12.2020 •
Business
Sunland Inc. issues $250,000, 10-year, 9% bonds at 97. Prepare the journal entry to record the sale of these bonds on March 1, 2020.
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Ответ:
Dr Cash 242,500
Dr Discount on Bond 7500
Cr Bonds Payable 250,000
Explanation:
Preparation of the journal entry to record the sale of these bonds on March 1, 2020.
Based on the information given we were told that the company issues the amount of $250,000 that include 10-year, 9% bonds at 97 which means that the journal entry to record the sale of these bonds on March 1, 2020 will be
March 1
Dr Cash 242,500
(250,000*.97)
Dr Discount on Bond 7,500
(250,000-542,500)
Cr Bonds Payable 250,000
Ответ:
answer: kevoto
explanation: be healthy