20 Indicate the respective effects of the declaration of a cash dividend on the following...
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20 Indicate the respective effects of the declaration of a cash dividend on the following balance sheet sections: Total Assets a. Increase b. No change c Decrease d. Decrease Total Stockholders' Equity No change Decrease Decrease Increase Total Liabilities Decrease Increase Increase No change IL. (12 points) January 1, 2015, Barone Company issued ten-year bonds with a face value of $$00,000. The bonds carry a ated interest rate of 7%, with interest annually, payable each January 1 Barone uses the straight-line method of amortizing bond premium or discount Financial statements are prepared Docember 31" (a) Prepare the journal entries for the issuance of bonds at 97 and the acral of interest on Dec 31, 2015 General Journal Date Account Title Debit Credit l entries for the issuance of bonds at 102 and the accrual of interest on Dec 31, 2015 Prepare the journal General Journal (b) Debit Credit Account Title Date Page 5 of 11 Part II Continued (c) Prepare all appropriate journal entry for the bonds on January 1,2025, assume bonds issued at l General Journal 0. Date Account Title Debit Credit
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