1a. Purchased for cash $200,000 of Jakob, Inc. 9% bonds at 100 plus accrued interest of $3,000. DATE Debit Credit X/X QUESTION 2 1b. Received first semiannual interest payment. DATE Debit Credit X/X QUESTION 3 1c. Sold $80,000 of the bonds at 101 plus accrued interest of $250. DATE Debit Credit X/X
1a. Purchased for cash $200,000 of Jakob, Inc. 9% bonds at 100 plus accrued interest of $3,000. DATE Debit Credit X/X QUESTION 2 1b. Received first semiannual interest payment. DATE Debit Credit X/X QUESTION 3 1c. Sold $80,000 of the bonds at 101 plus accrued interest of $250. DATE Debit Credit X/X
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 6EB: Waldron Inc. issued $400,000 bonds with a stated rate of 7% when the market rate was 5%. They are...
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Question
QUESTION 1
1a. Purchased for cash $200,000 of Jakob, Inc. 9% bonds at 100 plus accrued interest of $3,000.
DATE |
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Debit |
Credit |
X/X |
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QUESTION 2
1b. Received first semiannual interest payment.
DATE |
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Debit |
Credit |
X/X |
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QUESTION 3
1c. Sold $80,000 of the bonds at 101 plus accrued interest of $250.
DATE |
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Debit |
Credit |
X/X |
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