1. 2. 3. On January 1, 2022, 1,500, 9%, 5-year, $1,000 bonds dated January 1, 2022, were issued at face value. On July 1, $815,000, 10%, 5-year bonds dated July 1, 2022, were issued at 102. On September 1, $301,000, 8%, 5-year bonds dated September 1, 2022, were issued at 99. Prepare the journal entry to record each bond transaction at the date of issuance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Date Account Titles and Explanation Debit Credit

1. 2. 3. On January 1, 2022, 1,500, 9%, 5-year, $1,000 bonds dated January 1, 2022, were issued at face value. On July 1, $815,000, 10%, 5-year bonds dated July 1, 2022, were issued at 102. On September 1, $301,000, 8%, 5-year bonds dated September 1, 2022, were issued at 99. Prepare the journal entry to record each bond transaction at the date of issuance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Date Account Titles and Explanation Debit Credit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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