1. Journalize the following? transactions: a. Issuance of half of the bonds on M
ID: 2509960 • Letter: 1
Question
1. Journalize the following? transactions: a. Issuance of half of the bonds on May? 31, 20162016 b. Payment of interest on November? 30, 20162016 c. Accrual of interest on December? 31, 20162016 d. Payment of interest on May? 31, 20172017 2. Report interest payable and bonds payable as they would appear on the CanterburyCanterbury Plus balance sheet at December? 31, 20162016. Requirement 1. Journalize the transactions a through d.? (Record debits? first, then credits. Exclude explanations from journal? entries.) a.??Issuance of half of the bonds on May? 31, 20162016 Journal Entry Date 2016 Accounts Debit Credit May 311. Journalize the following? transactions: a. Issuance of half of the bonds on May? 31, 20162016 b. Payment of interest on November? 30, 20162016 c. Accrual of interest on December? 31, 20162016 d. Payment of interest on May? 31, 20172017 2. Report interest payable and bonds payable as they would appear on the CanterburyCanterbury Plus balance sheet at December? 31, 20162016. Requirement 1. Journalize the transactions a through d.? (Record debits? first, then credits. Exclude explanations from journal? entries.) a.??Issuance of half of the bonds on May? 31, 20162016 Journal Entry Date 2016 Accounts Debit Credit May 31 Homework: Homework - Chapter 09 Score: 0 of 2 pts P973A (similar to) MN Score: 3.1%, 1.66 of 5 pts November 30 The 1,2016 at a 1 Jounalze the folowing transactions of the bonds on 1. 2016 016 b. Paynentof 1, 2016 d. Payment ol inerest on May 31 201 Report rtrete payable ud borde payatte ?,fey would appew onth. Carterbryp n balance theet December 31, 2016 planations tom jul a Issuance of hait of the bonds on May 31, 205 May Choose from any lst or enter any umber in the input fields and then click Check Answer
Explanation / Answer
Journal entries
date
explanation
debit
credit
31-May
CASH
4500000
BOND PAYABLE
4500000
30-Nov
INTEREST EXPENSE
202500
CASH
202500
31-Dec
interest expense
33750
interest payable
33750
31-May
interest expense
168750
interest payable
33750
cash
202500
Journal entries
date
explanation
debit
credit
31-May
CASH
4500000
BOND PAYABLE
4500000
30-Nov
INTEREST EXPENSE
202500
CASH
202500
31-Dec
interest expense
33750
interest payable
33750
31-May
interest expense
168750
interest payable
33750
cash
202500
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