Web(List all debit entries before credit entries, Credit account titles are outomotically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts) Suppose the remaining Discount on Bonds Payable was $11 , 160 on December 31,2030 . Web31) A bond was issued at a discount. The journal entry to record repayment of the bond payable at maturity will include a: A) debit to Bonds Payable, credit to Discount on Bonds Payable and a credit to Cash. B) debit to Bonds Payable and a credit to Cash. C) debit to Cash and a credit to Bonds Payable.
Mayhew, Inc. has 100 $1,000 bonds, each convertible into 10 …
WebDiscount on Bonds Payable is a contra-liability account with a normal debit balance. The account increases on the debit side when the discount on the bonds issue is initially recorded... WebThe difference between par value and issue price for this bond is recorded as a Multiple Choice Credit to Interest Income Credit to Premium on Bonds Payable. Credit to Discount … free software for pentium 3 computer
Solved Prepare the journal entry to record the sale of these - Chegg
WebThe discount on the bonds is amortized by the straight-line method. The following entry was recorded on February 1, 2024, when the semiannual interest was paid: General Journal Debit Credit Interest expense 78,000 Discount on bonds payable 2,000 Cash 76,000 Required: 1-a. WebJul 3, 2024 · If there was a discount on bonds payable, then the periodic entry is a debit to interest expense and a credit to discount on bonds payable; this has the effect of … WebApr 9, 2024 · A discount bond is a bond that was originally sold at less than its face value. Alternatively, it may currently be trading at a price below its face value. Depending on the … farm truck registration in pa