contestada

Oriole Company issues $270,000, 20-year, 10% bonds at 102. Prepare the journal entry to record the sale of these bonds on June 1, 2022.
(Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation Debit Credit
Cash
Bonds Payable 270,000
Premium on Bonds Payable

Respuesta :

Tundexi

Answer:

Explanation:

Date      Account titles and Explanation        Debit         Credit

Jun 01    Cash (270,000*102%)                     $275,400

                    Bonds payable                                              $270,000

                    Premium on Bonds Payable                          $5,400

          (to record the sale of these bonds)

Otras preguntas