Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Bonds (https://www.askmehelpdesk.com/showthread.php?t=828678)

  • Nov 10, 2016, 01:03 AM
    yobee28
    Bonds
    Whitmore Company issued $534,500 of 5-year, 9% bonds at 95 on January 1, 2017. The bonds pay interest annually.

    Prepare the journal entry to record the issuance of the bonds.
  • Nov 10, 2016, 01:43 AM
    Curlyben
    What do YOU think.
    While we're happy to help we will NOT do all the work for you.
  • Nov 12, 2016, 12:06 AM
    CityAccountant
    Dr: cash received
    Dr: bond discount
    Cr. Bond obligation

    You will have to amortize the discount over the life of the bond.

    • All times are GMT -7. The time now is 04:32 PM.