Example of Answer: G4000D,B2000D,GG5000C,HH1000C Where G denotes Cash account, 4000 is the amount, D stands...
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Example of Answer: G4000D,B2000D,GG5000C,HH1000C Where G denotes Cash account, 4000 is the amount, D stands for debit, B denotes Accounts Receivable account, 2000 is the amount, D stands for debit, GG denotes Service Revenues, 5000 is the amount, and C stands for credit, HH denotes Sales Taxes Payable, 1000 is the amount, C stands for Credit. The letters are in capital. Comma is used to separate the changes in each account. Don't use dollar sign, decimal point, or space in any place. If in an entry requires more than one debit or credit accounts, first enter debit accounts (in order of dollar amount - large amount to small amount), then the credit accounts (in order of dollar amount - large amount to small amount). Holly Company issued $2,000,000,6%,10-year, bonds. Interest to be paid semiannually. The market rate on bonds issue date was 5%. Provide the necessary journal entry that company must make for 2nd interest payment on the bond. Round amounts: 2.31=2;2.65=3
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Example of Answer: G4000D,B2000D,GG5000C,HH1000C Where G denotes Cash account, 4000 is the amount, D stands for debit, B denotes Accounts Receivable account, 2000 is the amount, D stands for debit, GG denotes Service Revenues, 5000 is the amount, and C stands for credit, HH denotes Sales Taxes Payable, 1000 is the amount, C stands for Credit. The letters are in capital. Comma is used to separate the changes in each account. Don't use dollar sign, decimal point, or space in any place. If in an entry requires more than one debit or credit accounts, first enter debit accounts (in order of dollar amount - large amount to small amount), then the credit accounts (in order of dollar amount - large amount to small amount). Holly Company issued $2,000,000,6%,10-year, bonds. Interest to be paid semiannually. The market rate on bonds issue date was 5%. Provide the necessary journal entry that company must make for 2nd interest payment on the bond. Round amounts: 2.31=2;2.65=3 