Current Attempt in Progress On January 1, 2018, Morris Enterprises issued 9%, 5-year bonds with a face amount of $900,000 at par. Interest is payable annually January 1. Prepare the entries to record the issuance of the bonds and the first annual interest accrual on December 31. (Credit account titles ane automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1
Current Attempt in Progress On January 1, 2018, Morris Enterprises issued 9%, 5-year bonds with a face amount of $900,000 at par. Interest is payable annually January 1. Prepare the entries to record the issuance of the bonds and the first annual interest accrual on December 31. (Credit account titles ane automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1
Chapter1: Financial Statements And Business Decisions
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On January 1, 2018, Morris Enterprises issued 9%, 5-year bonds witha face amount of $900,000 at par. Interest is payable annually on
January 1.
Prepare the entries to record the issuance of the bonds and the first annual interest accrual on December 31. (Credit account titles are
automatically indented when the amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Jan. 1
Dec. 31
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