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