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Georgia [21]
2 years ago
8

Xetci u popping up everywhere.

Business
2 answers:
Eva8 [605]2 years ago
6 0

Answer:

YEP HEY, HRU AGAINN

Explanation:

Fofino [41]2 years ago
6 0
I KNOW RIGHT LIKE I KEEP SEEING THAT ACC EVERYWHERE
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Which of the following is the last step in creating a budget?
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Set savings and debt payoff goals


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Peter is creative and excels with visual presentation. He enjoys working in small groups and in an active work environment. Whic
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Celine Dion Company issued $600,000 of 10%, 20-year bonds on January 1, 2020, at 102. Interest is payable semiannually on July 1
anzhelika [568]

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The Journal entries are as follows:

(a) On January 1, 2020

Cash A/c(6,000 bonds × $102) Dr. $612,000

         To Bonds payable                                  $600,000

         To premium on bonds payable             $12,000

(To record the issuance of the bonds)

Workings:

premium on bonds payable = $612,000 - $600,000

                                               = $12,000

(b) On July 1, 2020

Interest expense A/c                  Dr. $29,700

Premium on bonds payable A/c Dr. $300

        To cash A/c                                            $30,000

(To record the interest expense)

Workings:

Cash = $600,000 × (6/12) × 10%

         = $30,000

Premium on bonds payable = $12,000 ÷ 40 periods

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(c) On December 31, 2020

Interest expense A/c                  Dr. $29,700

Premium on bonds payable A/c Dr. $300

        To Interest payable A/c                            $30,000

(To record the accrual of interest expense)

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