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\begin{tabular}{|l|c|} \hline \multicolumn{1}{|c|}{ Account title } & Enter "Debit" or "Credit" \\ \hline Ex: Bonds payable & Debit \\ \hline Discount on bonds payable & (1) \\ \hline Interest expense & (2) \\ \hline Investment in bonds & (3) \\ \hline \end{tabular} Answer (1): A (a): A (2): (b): (3): A (c): AV 2. Below are selected accounts to be included in consolidation entry B for the first year. Based on the tables provided above, indicate how each account will be recorded in the account in boxes (1)-(3) and enter the amount in boxes (a)-(c). An example based on "Bonds payable" has been provided. (6.5 points total; 1.5 points to (a) and 1 point to each of the others) \begin{tabular}{|l|c|} \hline \multicolumn{1}{|c|}{ Account title } & Enter "Debit" or "Credit" \\ \hline Ex: Bonds payable & Debit \\ \hline Discount on bonds payable & (1) \\ \hline Interest expense & (2) \\ \hline Investment in bonds & (3) \\ \hline \end{tabular} Answer (1): A (a): A (2): (b): (3): A (c): AV 2. Below are selected accounts to be included in consolidation entry B for the first year. Based on the tables provided above, indicate how each account will be recorded in the account in boxes (1)-(3) and enter the amount in boxes (a)-(c). An example based on "Bonds payable" has been provided. (6.5 points total; 1.5 points to (a) and 1 point to each of the others)

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