Trog Industries pays and records the semiannual interest on its $860,000, 10-year, 6% bonds outstanding on July 1, 20X1. On the same date, amortization of the premium of $8,600 received on $172,000 of those bonds is recorded. Prepare the journal entries recorded by Trog Industries.
Trog Industries pays and records the semiannual interest on its $860,000, 10-year, 6% bonds outstanding on July 1, 20X1. On the same date, amortization of the premium of $8,600 received on $172,000 of those bonds is recorded. Prepare the journal entries recorded by Trog Industries.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Kk.4.
Subject :- Account
![Trog Industries pays and records the
semiannual interest on its $860,000,
10-year, 6% bonds outstanding on
July 1, 20X1. On the same date,
amortization of the premium of
$8,600 received on $172,000 of
those bonds is recorded.
Prepare the journal entries recorded
by Trog Industries.
No
1
Date
July 1, 20X1
July 1, 20X1
> Answer is not complete.
General Journal
Bond interest expense
Premium on bonds payable
Cash
Cash
Bonds payable
Premium on bonds payable
X
x
X
Debit
Credit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd7b6ce77-7d1f-42c7-90fc-6e082dc1db1b%2F69d47164-d32e-440e-b6b0-57e9bd2cc43e%2Fbkus5fv_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Trog Industries pays and records the
semiannual interest on its $860,000,
10-year, 6% bonds outstanding on
July 1, 20X1. On the same date,
amortization of the premium of
$8,600 received on $172,000 of
those bonds is recorded.
Prepare the journal entries recorded
by Trog Industries.
No
1
Date
July 1, 20X1
July 1, 20X1
> Answer is not complete.
General Journal
Bond interest expense
Premium on bonds payable
Cash
Cash
Bonds payable
Premium on bonds payable
X
x
X
Debit
Credit
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