Carla Corporation issued $510,000 of 7% bonds on November 1, 2025, for $542,033. The bonds were dated November mature in 8 years, with interest payable each May 1 and November 1 Carla uses the effective-interest method with an e of 6%. Click here to view factor tables. Prepare Carla's December 31, 2025, adjusting entry. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and f to O decimal places, eg. 38,548. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries) Date Account Titles and Explanation Debit Cre

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Carla Corporation issued $510,000 of 7% bonds on November 1, 2025, for $542,033. The bonds were dated November 1, 2025, and
mature in 8 years, with interest payable each May 1 and November 1. Carla uses the effective-interest method with an effective rate
of 6%
Click here to view factor tables.
Prepare Carla's December 31, 2025, adjusting entry. (Round intermediate calculations to 5 decimal places, eg. 1.25124 and final answers
to O decimal places, eg. 38,548. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles
are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries)
Date
December 31.
2025
Account Titles and Explanation
Debit
Credit
Transcribed Image Text:Carla Corporation issued $510,000 of 7% bonds on November 1, 2025, for $542,033. The bonds were dated November 1, 2025, and mature in 8 years, with interest payable each May 1 and November 1. Carla uses the effective-interest method with an effective rate of 6% Click here to view factor tables. Prepare Carla's December 31, 2025, adjusting entry. (Round intermediate calculations to 5 decimal places, eg. 1.25124 and final answers to O decimal places, eg. 38,548. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries) Date December 31. 2025 Account Titles and Explanation Debit Credit
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