Chapter 10- Bonds Brussels Enterprises issues bonds at par dated January 1, 2021, that have a $3,100,000 par value, mature in four years, and pay 6% interest semiannually on June 30 and December 31. 1. Record the entry for the issuance of bonds for cash on January 1. 2. Record the entry for the first semiannual interest payment and the second semiannual interest payment. 3. Record the entry for the maturity of the bonds on December 31, 2024 (assume semiannual interest is already recorded). No. Date General Journal Debit Credit
Chapter 10- Bonds Brussels Enterprises issues bonds at par dated January 1, 2021, that have a $3,100,000 par value, mature in four years, and pay 6% interest semiannually on June 30 and December 31. 1. Record the entry for the issuance of bonds for cash on January 1. 2. Record the entry for the first semiannual interest payment and the second semiannual interest payment. 3. Record the entry for the maturity of the bonds on December 31, 2024 (assume semiannual interest is already recorded). No. Date General Journal Debit Credit
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 71E
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![Chapter 10- Bonds
Brussels Enterprises issues bonds at par dated January 1, 2021, that have a $3,100,000 par value, mature
in four years, and pay 6% interest semiannually on June 30 and December 31.
1. Record the entry for the issuance of bonds for cash on January 1.
2. Record the entry for the first semiannual interest payment and the second semiannual interest
payment.
3. Record the entry for the maturity of the bonds on December 31, 2024 (assume semiannual interest is
already recorded).
No.
Date
General Journal
Debit
Credit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F511f63a1-ceef-4f7c-bc33-fe537568995a%2Fdfcfbd3f-dba1-4434-ab8b-acb4d59924da%2F3yad1o7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Chapter 10- Bonds
Brussels Enterprises issues bonds at par dated January 1, 2021, that have a $3,100,000 par value, mature
in four years, and pay 6% interest semiannually on June 30 and December 31.
1. Record the entry for the issuance of bonds for cash on January 1.
2. Record the entry for the first semiannual interest payment and the second semiannual interest
payment.
3. Record the entry for the maturity of the bonds on December 31, 2024 (assume semiannual interest is
already recorded).
No.
Date
General Journal
Debit
Credit
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