Best Goods issues $395,000of bonds for $414,750. I was able to prepare the journal entry to record the issuance of bonds however I am having trouble...
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Best Goods issues $395,000 of bonds for $414,750.


I was able to prepare the journal entry to

record the issuance of bonds however I am having trouble showing the balance sheet. I was able to calculate this so far..


cash DR 414750

bonds payable CR 395000

Premium on Bonds Payable CR 19750



I am having trouble with the balance sheet...


Balance Sheet Partial

Current Assets

Cash 414750

What would "Add or Less" which account and how much? and what would the total be?

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