Your answer is partially correct. repare journal entries to record the issuance of the bonds...
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Accounting
Your answer is partially correct. repare journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 98. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 an. 1 Cash 2,695,000 Discount on Bonds Payable 55,000 Bonds Payable 2,750,000 Dec. 31 Interest Expense Discount on Bonds Payable Interest Payable 220.000 (1) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 102 selling price. RIVERBED CORPORATION Balance Sheet (Partial) December 31, 2022 Current Liabilities Interest Expense Long-term Liabilities Bonds Payable 2,750,000 Add : Premium on Bonds Payable (2) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 98 selling price. RIVERBED CORPORATION Balance Sheet (Partial) December 31, 2022 Current Liabilities Interest Expense Long-term Investments Bonds Payable 2,750,000 Less : Discount on Bonds Payable
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