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Exercise 9-10 (Algo) Record bonds issued at face amount and related semiannual interest (LO9-5) On January 1, 2024, Splash City issues $380,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the bonds issue for $380,000, record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 1 Record the first semiannual interest payment. Date June 30, 2024 2 Note: Enter debits before credits. Record entry 3 Show Transcribed Text View transaction list 2 Record entry General Journal Journal entry worksheet < 1 Clear entry Exercise 9-10 (Algo) Record bonds issued at face amount and related semiannual interest (LO9-5) On January 1, 2024, Splash City issues $380,000 of 8 % bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. 3 Required: Assuming the bonds issue for $380,000, record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Note: Enter debits before credits. Date December 31, 2024 Record the second semiannual interest payment. Debit General Journal Clear entry Credit View general journal C Debit Credit View general journal

Exercise 9-10 (Algo) Record bonds issued at face amount and related semiannual interest (LO9-5) On January 1, 2024, Splash City issues $380,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the bonds issue for $380,000, record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 1 Record the first semiannual interest payment. Date June 30, 2024 2 Note: Enter debits before credits. Record entry 3 Show Transcribed Text View transaction list 2 Record entry General Journal Journal entry worksheet < 1 Clear entry Exercise 9-10 (Algo) Record bonds issued at face amount and related semiannual interest (LO9-5) On January 1, 2024, Splash City issues $380,000 of 8 % bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. 3 Required: Assuming the bonds issue for $380,000, record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Note: Enter debits before credits. Date December 31, 2024 Record the second semiannual interest payment. Debit General Journal Clear entry Credit View general journal C Debit Credit View general journal

Financial & Managerial Accounting
Financial & Managerial Accounting
13th Edition
ISBN:9781285866307
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter12: Long-Term Liabilities: Bonds And Notes
Section: Chapter Questions
Problem 12.2APR
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Exercise 9-10 (Algo) Record bonds issued at face amount and related semiannual interest (LO9-5) On January 1, 2024, Splash City issues $380,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the bonds issue for $380,000, record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the bond issue. Record entry Note: Enter debits before credits. Date January 01, 2024 General Journal Clear entry Debit Credit View general journal
Transcribed Image Text:Exercise 9-10 (Algo) Record bonds issued at face amount and related semiannual interest (LO9-5) On January 1, 2024, Splash City issues $380,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the bonds issue for $380,000, record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the bond issue. Record entry Note: Enter debits before credits. Date January 01, 2024 General Journal Clear entry Debit Credit View general journal
Exercise 9-10 (Algo) Record bonds issued at face amount and related semiannual interest (LO9-5) On January 1, 2024, Splash City issues $380,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the bonds issue for $380,000, record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 1 2 Record the first semiannual interest payment. Note: Enter debits before credits. Date June 30, 2024 Record entry 3 Show Transcribed Text View transaction list 2 Record entry General Journal Exercise 9-10 (Algo) Record bonds issued at face amount and related semiannual interest (LO9-5) On January 1, 2024, Splash City issues $380,000 of 8 % bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Journal entry worksheet < 1 Clear entry Required: Assuming the bonds issue for $380,000, record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) 3 Note: Enter debits before credits. Date December 31, 2024 Record the second semiannual interest payment. Debit General Journal Clear entry Credit View general journal Debit Credit View general journal
Transcribed Image Text:Exercise 9-10 (Algo) Record bonds issued at face amount and related semiannual interest (LO9-5) On January 1, 2024, Splash City issues $380,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the bonds issue for $380,000, record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 1 2 Record the first semiannual interest payment. Note: Enter debits before credits. Date June 30, 2024 Record entry 3 Show Transcribed Text View transaction list 2 Record entry General Journal Exercise 9-10 (Algo) Record bonds issued at face amount and related semiannual interest (LO9-5) On January 1, 2024, Splash City issues $380,000 of 8 % bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Journal entry worksheet < 1 Clear entry Required: Assuming the bonds issue for $380,000, record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) 3 Note: Enter debits before credits. Date December 31, 2024 Record the second semiannual interest payment. Debit General Journal Clear entry Credit View general journal Debit Credit View general journal
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