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Issuance of Long-Term Debt Anne Corp. issued $366,000, 5% bonds. Required: Provide the necessary journal entry to record the issuance of these bonds assuming:   Hide     a.  The bonds were issued at par.                               Record issuance of bond at par                   Hide     b.  The bonds were issued at 102. If an amount box does not require an entry, leave it blank.                                       Record issuance of bond at premium                   Hide     c.  The bonds were issued at 92. If an amount box does not require an entry, leave it blank.                                       (Record issuance of bond at discount)

Issuance of Long-Term Debt Anne Corp. issued $366,000, 5% bonds. Required: Provide the necessary journal entry to record the issuance of these bonds assuming:   Hide     a.  The bonds were issued at par.                               Record issuance of bond at par                   Hide     b.  The bonds were issued at 102. If an amount box does not require an entry, leave it blank.                                       Record issuance of bond at premium                   Hide     c.  The bonds were issued at 92. If an amount box does not require an entry, leave it blank.                                       (Record issuance of bond at discount)

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 17MC: Huang Inc. issued 100 bonds with a face value of $1,000 and a 5-year term at $960 each. The journal...
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Issuance of Long-Term Debt

Anne Corp. issued $366,000, 5% bonds.

Required:

Provide the necessary journal entry to record the issuance of these bonds assuming:


  Hide    

a.  The bonds were issued at par.



 
 
       
 
 
 
 
 
 
 
 
 
Record issuance of bond at par
   
       

 

 


  Hide    

b.  The bonds were issued at 102. If an amount box does not require an entry, leave it blank.



 
 
       
 
 
 
 
 
 
 
 
 
 
 
 
 
Record issuance of bond at premium
   
       

 

 


  Hide    

c.  The bonds were issued at 92. If an amount box does not require an entry, leave it blank.



 
 
       
 
 
 
 
 
 
 
 
 
 
 
 
 
(Record issuance of bond at discount)
   
       

 

 
 

 

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