312011 generaljournal bondinteres tex pens e debit

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Unformatted text preview: r int Vie w Date Dec . 31, 2011 General Journal Bond interes t ex pens e Debit Credit 76,500 Cas h 76,500 3. Prepare the journal entry for is s uanc e of bonds as s uming. a. The bonds are is s ued at 98. Date J an. 1, 2011 General Journal Cas h Debit Credit 1,666,000 Dis c ount on bonds pay able 34,000 Bonds pay able 1,700,000 b. The bonds are is s ued at 102. Date J an. 1, 2011 General Journal Cas h Debit Credit 1,734,000 Premium on bonds pay able Bonds pay able 34,000 1,700,000 Expanded table Learning Objective: 10­P1 Prepare entries to record bond iss...
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This document was uploaded on 03/03/2014 for the course MGMT ACCOU 2300 at Rensselaer Polytechnic Institute.

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