ACCOUNT Bonds Payable ACCOUNT NO. Balance Debit Credit Debit Credit Date Item Balance Jan. 750,000 600,000 1,050,000 Retire bonds 2 150,000 June 30 Issue bonds 450,000 ACCOUNT Discount on Bonds Payable ACCOUNT NO. Balance Debit Credit Debit Credit Date Item Balance Jan. 33,750 21,750 51,750 Retire bonds 2 12,000 Issue bonds June 30 30,000 31 Amortize discount Dec. 2,625 49,125

ACCOUNT Bonds Payable ACCOUNT NO. Balance Debit Credit Debit Credit Date Item Balance Jan. 750,000 600,000 1,050,000 Retire bonds 2 150,000 June 30 Issue bonds 450,000 ACCOUNT Discount on Bonds Payable ACCOUNT NO. Balance Debit Credit Debit Credit Date Item Balance Jan. 33,750 21,750 51,750 Retire bonds 2 12,000 Issue bonds June 30 30,000 31 Amortize discount Dec. 2,625 49,125

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

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