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payments. any issues 0%, e-year bonds, on January 1 of this year, with a par value of $93,000 and semiannual Semiannual Period-End (0) January 1, issuance (1) June 30, first payment (2) December 31, second payment Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1. (b) The first interest payment on June 30. (c) The second interest payment on December 31. Unamortized Premium $ 7,971 7,174 6,377 Carrying Value $ 100,971 100,174 99,377

payments. any issues 0%, e-year bonds, on January 1 of this year, with a par value of $93,000 and semiannual Semiannual Period-End (0) January 1, issuance (1) June 30, first payment (2) December 31, second payment Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1. (b) The first interest payment on June 30. (c) The second interest payment on December 31. Unamortized Premium $ 7,971 7,174 6,377 Carrying Value $ 100,971 100,174 99,377

FINANCIAL ACCOUNTING
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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Journal entry worksheet < 1 2 Record the first interest payment on June 30. Note: Enter debits before credits. Date June 30 3 Show Transcribed Text View transaction list General Journal < 1 < Prev Journal entry worksheet 3 8 of 16 S Wookie Company issues 6%, five-year bonds, on January 1 of this year, with a par value of $93,000 and semiannual interest payments. Debit Semiannual Period-End (0) January 1, issuance (1) June 30, first payment (2) December 31, second payment Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1. (b) The first interest payment on June 30. (c) The second interest payment on December 31. Ĉ Record the second interest payment on December 31. Credit Unamortized Premium $7,971 7,174 6,377 Next > Carrying Value $ 100,971 100,174 99,377
Transcribed Image Text:Journal entry worksheet < 1 2 Record the first interest payment on June 30. Note: Enter debits before credits. Date June 30 3 Show Transcribed Text View transaction list General Journal < 1 < Prev Journal entry worksheet 3 8 of 16 S Wookie Company issues 6%, five-year bonds, on January 1 of this year, with a par value of $93,000 and semiannual interest payments. Debit Semiannual Period-End (0) January 1, issuance (1) June 30, first payment (2) December 31, second payment Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1. (b) The first interest payment on June 30. (c) The second interest payment on December 31. Ĉ Record the second interest payment on December 31. Credit Unamortized Premium $7,971 7,174 6,377 Next > Carrying Value $ 100,971 100,174 99,377
Wookie Company issues 6%, five-year bonds, on January 1 of this year, with a par value of $93,000 and semiannual interest payments. Semiannual Period-End (0) January 1, issuance (1) June 30, first payment (2) December 31, second payment Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1. (b) The first interest payment on June 30. (c) The second interest payment on December 31. View transaction list Journal entry worksheet 1 2 3 Date January 01 Record the issuance of the bonds on January 1. Note: Enter debits before credits. Unamortized Premium $ 7,971 7,174 6,377 General Journal Debit Carrying Value $ 100,971. 100, 174 99,377 Credit
Transcribed Image Text:Wookie Company issues 6%, five-year bonds, on January 1 of this year, with a par value of $93,000 and semiannual interest payments. Semiannual Period-End (0) January 1, issuance (1) June 30, first payment (2) December 31, second payment Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1. (b) The first interest payment on June 30. (c) The second interest payment on December 31. View transaction list Journal entry worksheet 1 2 3 Date January 01 Record the issuance of the bonds on January 1. Note: Enter debits before credits. Unamortized Premium $ 7,971 7,174 6,377 General Journal Debit Carrying Value $ 100,971. 100, 174 99,377 Credit
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