On January Universe of Fun issues $ bonds that mature in years. The market interest rate for bonds of similar risk and maturity is and the bonds issue for $ Interest is paid semiannually on June and December
& Record the issuance of the bonds on January the interest payments on June and December If no journal entry is required for a particular transaction, select No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.Journal entry worksheet
Record the bond issue.
Note: Enter debits before credits.
tableDateGeneral Jou,,Debit,CreditJanuary Cash,Discount on Bonds Payable,,,Bonds Payable,,,Journal entry worksheet
Record the first semiannual interest payment.
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditJune Interest Expense,,Cash,,Journal entry worksheet
Record the second semiannual interest payment.
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditDecember
