Adjusted for rounding
Bond Issue B
a Were the bond issued at a premium andor discount?
multiple choice
Issued at discount
Issued at premium
Issued at premium & discount
b Journalize the issuance of bond B on April
c What is the contract interest rate for the issue bond
d Interest of how much is paid how often for bond B issued?
e What is the term of bond issue?
f Show how bond would appear on the balance sheet under noncurrent liabilities
at July
g Calculate the bond interest expense that would appear on the income statement
for the year ended July
h Independent of a through g assume that bond B issues was retired on
December at Record the entries.
