EXAM 1 - $26,179 Cash $240,000 5/1/2007 Bond Intereset...

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Exercise E 2-4 General Journal Page 1 Date Accounts Debit Credit 5/1/2006 Cash $5,323,577 Discount on Bonds Payable $676,423 Bonds Payable $6,000,000 11/1/2006 Bond Interest Expense $266,179 Discount on Bonds Payable
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Unformatted text preview: $26,179 Cash $240,000 5/1/2007 Bond Intereset Expense $267,489 Discount on Bonds Payable $27,489 Cash $240,000 Total Amortization: $26,179 + $27,489 = $53668...
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