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  3. 2. on june 30, power company issues 5% 10-year bon

2. On June 30, Power Company issues 5% 10-year bonds payable with a face value...

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Accounting

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2. On June 30, Power Company issues 5% 10-year bonds payable with a face value of 570.000. The bands are issued at face value and pay herest on ane 30 und December 31 Requirements 1. Journalize the issuance of the bonds on June 30 Journalize the semiannual interest payment on December 31 Requirement 1. Journalize the issuance of the bonds on June 30. Racord debits first the credits Select explanations on the last fool the journal entry) Date Accounts and Explanation Jun 30 Debit Credit Requirement 2. Journalize the semiannual interest payment on December 31. (Record dubits first the credits Salud spluntor on the last time of the journal arwy) Date Accounts and Explanation Debih Credit Dec 31 On June 30, Power Company issues 5%, 10-year bonds payable with at face value of $70,000. The bonds are issued at face value and pay interest on June 30 and December Requirements Journalize the issuance of the bonds on June 30 Journalize the semiannual interest payment on December 31 1. 2. Requirement 2. Journalize the semiannual interest payment on December 31. (Record debits first, then credits Select explanations on the last line of the journal entry) Date Accounts and Explanation Debit Credit Dec 31

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