Presented below is a partial amortization schedule for Discount Pizza Cash Paid

Question

Presented below is a partial amortization schedule for Discount Pizza Cash Paid Interest Increase in Carrying Period for Interest Expense Carrying Value Value ssue date 548,305 $1.560 S1.691 $131 48,436 48.571 1,560 1,695 135 ssue and first interest payment assuming the face value of bonds payable is $52.000. (if no entry is required to View transaction list Journal entry worksheet Record the issuance of bond. Note: Enter debits before credits General Journal Debit Credit ransaction Cash Discount on Bonds Payable Bonds payable 48.305 Record entry Clear entry View general journal

Explanation / Answer

1) TR General journal Debit Credit 1 Cash 48,305 discount on bonds payable 3,695 bonds payable 52,000 2 interest expense 1,691 discount on bonds payable 131 cash 1,560

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.