College Accounting - Study Guide / Working Papers 1-15
College Accounting - Study Guide / Working Papers 1-15
23rd Edition
ISBN: 9781337913560
Author: HEINTZ
Publisher: CENGAGE L
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Chapter 22, Problem 13SPA

(a)

To determine

Journalize the entry for the issuance of bonds in the books of M Manufacturing.

(b)

To determine

Record the journal entry for the initial deposit to the bond sinking fund.

(c)

To determine

Journalize the entry for the semiannual interest payment in the books of M Manufacturing.

(d)

To determine

Record the journal entry for the first year’s sinking fund earnings.

(e)

To determine

Journalize the entry for the year-end adjustment in the books of M Manufacturing.

(f)

To determine

Journalize the entry to reverse the year-end adjustment in the books of M Manufacturing.

(g)

To determine

Journalize the entry for the semiannual interest payment in the books of M Manufacturing.

(h)

To determine

Record the journal entry for the deposit to bond sinking fund.

(i)

To determine

Record the journal entry for the redemption of the bonds.

(j)

To determine

Record the journal entry for the return of excess cash in the sinking fund to the corporation.

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Chapter 22 Solutions

College Accounting - Study Guide / Working Papers 1-15

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