The Bonita Company issued $230,000 of 12% bonds on January 1,2020. The bonds are due...
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Accounting
The Bonita Company issued $ of bonds on January The bonds are due January with interest payable each July and January The bonds were issued at
Prepare the journal entries for a January b July and c December Assume The Bonita Company records straightline amortization semiannually. If no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.
Date
Account Titles and Explanation
Discount on Bonds Payable
Bonds Payable
L
Interest Expense
Cash
Interest Expense
Interest Payable
Debit
Credit
Answer & Explanation
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