Nasreen Company issues $2 million, 10-year, 8% bonds at 97, with interest payable each January 1. Prepare the journal entry to record the sale of these bonds on January 1, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 eTextbook and Media List of Accounts Assuming instead that the above bonds sold for 104, prepare the journal entry to record the sale of these bonds on January 1, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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part 1:

Nasreen Company issues $2 million, 10-year, 8% bonds at 97, with interest payable each January 1.
 
 
Prepare the journal entry to record the sale of these bonds on January 1, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
 
*first screenshot is part 1
 
part 2:
 
Assuming instead that the above bonds sold for 104, prepare the journal entry to record the sale of these bonds on January 1, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
 
*second screenshot is part 2
Nasreen Company issues $2 million, 10-year, 8% bonds at 97, with interest payable each January 1.
Prepare the journal entry to record the sale of these bonds on January 1, 2019. (Credit account titles are automatically indented when amount is entered. Do
not indent manually.)
Date Account Titles and Explanation
Debit
Credit
Jan. 1
eTextbook and Media
List of Accounts
Transcribed Image Text:Nasreen Company issues $2 million, 10-year, 8% bonds at 97, with interest payable each January 1. Prepare the journal entry to record the sale of these bonds on January 1, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 eTextbook and Media List of Accounts
Assuming instead that the above bonds sold for 104, prepare the journal entry to record the sale of these bonds on January 1, 2019. (Credit account titles
are automatically indented when amount is entered. Do not indent manually.)
Date Account Titles and Explanation
Debit
Credit
Jan. 1
Transcribed Image Text:Assuming instead that the above bonds sold for 104, prepare the journal entry to record the sale of these bonds on January 1, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1
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