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

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Chapter1: Financial Statements And Business Decisions
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Current Attempt in Progress
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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Transcribed Image Text:O Student - neiu.edu 6 Add or Drop Classes O NWP Assessment Player UI A x ortheastern Il x w HW-Ch10 A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=cffb6fab-9f0f-4871-8245-1756a9819001#/question/16 n10 -/ 11 Question 17 of 20 < > View Policies Current Attempt in Progress 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 eTexthook and Media O Type here to search a 62°F Mostly sunny DELL F3 F4 F6 F7 F8 F9 F10 F11 F12 PrtScr Insert Delete PgU %23 %24 4 7. 8. Backspace 9 E T Y U { 1O F G H J K L Enter C V B M
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