9 Required information The following information applies to the questions displa

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9 Required information The following information applies to the questions displayed below.j Ike issues $230,000 of 9%, three-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and Part 1 of 2 December 31. They are issued at $236,025. Their market rate is 8% at the issue date 2 points Required 1. Prepare the January 1, 2017, journal entry to record the bonds' issuance. Answer is not complete No Date General Journal Credit Debit 236,025 6,025 Jan 01, 2017 Cash Premium on bonds payable Bonds payable 230,000

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Answer

No Date General Journal Debit ($) Credit ($) 1 Jan 01, 2017 Cash 236,025 Premim on bonds payable 6,025 Bonds payable 230,000

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