This is the same problem was trying to take a better picture Prablem 14-2 (Part

Question

This is the same problem was trying to take a better picture

Prablem 14-2 (Part Level Submissien) beprepotand now needs to borrow $1.860.000 to complete the project tt therefore decides to-$1.060.000 of 10%. Io-year hane bonds vere ued on January 1, 2015, and pay interest annually on each Jansary 3. The bonds yieid e (a) laces, "1.25 124 and the final answer to O decimal places e.g. 58,971 . If n, ontry is required, select-No entry, for the eccount titles and enter O for the amounts. Credit account tities are automatically indented when amount is entered. Do not ndent manually Date Account itles and Explanation Debit Credt nuary 1, 2016

Explanation / Answer

Journal entry :

Date account titles and explanation debit credit January 1,2016 Cash 1860000 Bonds payable 1860000

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