On January 1, 2025, First Secure Services issued $130,000 of 10% bonds that mature in ten years. They were issued at face value. The bonds pay semiannual interest payments on June 30 and December 31 of each year. The journal entry to issue bonds would be: O Cash 130,000 Bonds Payable O Bonds Payable Cash O Cash Bonds Payable Discount on Bonds Payable O Cash Bonds Payable Premium on Bonds Payable 130,000 143,000 143,000 130,000 130,000 130,000 13,000 130,000 13,000

On January 1, 2025, First Secure Services issued $130,000 of 10% bonds that mature in ten years. They were issued at face value. The bonds pay semiannual interest payments on June 30 and December 31 of each year. The journal entry to issue bonds would be: O Cash 130,000 Bonds Payable O Bonds Payable Cash O Cash Bonds Payable Discount on Bonds Payable O Cash Bonds Payable Premium on Bonds Payable 130,000 143,000 143,000 130,000 130,000 130,000 13,000 130,000 13,000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 4EA: On January 1, 2018, Wawatosa Inc. issued 5-year bonds with a face value of $200,000 and a stated...

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