Crane Company issued $1,730,000 of bonds on January 1, 2022. (a) Prepare the journal entry to record the issuance of the bonds if they are issued at (1) 100, (2) 97, and (3) 105. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Your answer is correct. No. Account Titles and Explanation (1) (2) Cash Bonds Payable Cash Debit 1,730,000 1.678 100 Credit 1,730,000
Crane Company issued $1,730,000 of bonds on January 1, 2022. (a) Prepare the journal entry to record the issuance of the bonds if they are issued at (1) 100, (2) 97, and (3) 105. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Your answer is correct. No. Account Titles and Explanation (1) (2) Cash Bonds Payable Cash Debit 1,730,000 1.678 100 Credit 1,730,000
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 16MC: Keys Inc. issued 100 bonds with a face value of $1,000 and a rate of 8% at $1,025 each. The journal...
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