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Chrome File Edit View History Bookmarks People Window Help . e Accounting que × , cccs Login Unit 2 Discussi x E ACC122 M2C15x V WileyPLUS Cash Payment i X ? x- × Hello there are × ? d ? Secure https://edugenwileyplus.com/edugen/lti/main.un. pring2018 Weygandt, Accounting Principles, 12e PRINTER VERSION BACK ASSIGNMENT RESOURCES Problem 15-2A pptx ACC122 Kershaw Electric sold $4,330,000, 1396, 10-year bonds on January 1, 2017. The bonds were dated January 1, 2017, and paid interest on January 1, The bonds were sold at 97 Prepare the journal entry to record the issuance of the bonds on January 1, 2017. (Credit account titles are automatically Indented when amount is entered. Do not indent manually.) entation2.ppt roblem 15-2 Date Account Titles and Explanation Debit Credit Jan. 1, 2017 Review Resu Share L0 Styles Pane LINK TO TEXT LINK TO TEXT At December 31, 2017, $8,000 of the Discount on Bonds Payable account has been amortized. Show the balance sheet presentation of the long-term liability at December 31, 2017. (Enter account name only and do not provide descriptive information.) Kershaw Electric Balance Sheet (Partial) bond accounting.docx Show AlI

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Solution 3:

Journal Entries - Kershaw Electric Date Particulars Debit Credit 1-Jan-17 Cash Dr $4,200,100.00 Discount on Bond Payable Dr $129,900.00            To Bond Payable $4,330,000.00 (To record issue of bond on discount)

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