ssignment CES FULL SCREEN PRINTER VERSION ·BACK NEXT Exercise 10-10 (Part Level

Question

ssignment CES FULL SCREEN PRINTER VERSION ·BACK NEXT Exercise 10-10 (Part Level Submission) whitmore Company issued $505,500 of 5-year, 6% bonds at 97 on January 1, 2017, The bonds pay interest annually. (a1) Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit udy 490335 Cash 15165 Discount on Bonds Payable 505500 Bonds Payable SHoW ANSWER SHOW LIST OF ACCOUNTS LINK TO TEXT Attempts: 1 of 4 used

Explanation / Answer

Account Titles and Explanation Debit Credit Cash ($505500 x 102/100) 515610 Premium on Bonds Payable 10110 Bonds Payable 505500 (To record issuance of bonds at 102)

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