Optical Dispensary borrowed $960.000 on January 2, 2024, by issuing a 12% serial bond payable that must be paid in three equal annual installments plus interest for the year. The first payment of principal and interest comes due January 2, 2025. Complete the missing information, Assume bonds are issued at face value. (For accounts with a 10 balance, make sure s enter"0" in the appropriate cell) Current Liabilities Bonds Payable Interest Payable Long-Term Liablities Bonds Payable 2024 December 31 2025 2026

Optical Dispensary borrowed $960.000 on January 2, 2024, by issuing a 12% serial bond payable that must be paid in three equal annual installments plus interest for the year. The first payment of principal and interest comes due January 2, 2025. Complete the missing information, Assume bonds are issued at face value. (For accounts with a 10 balance, make sure s enter"0" in the appropriate cell) Current Liabilities Bonds Payable Interest Payable Long-Term Liablities Bonds Payable 2024 December 31 2025 2026

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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