Instructions Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson issued $540,

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Instructions Thomson Co Produces And Distributes Semiconductors For Use By Computer Manufacturers Thomson Issued 540 1 (19.92 KiB) Viewed 46 times

Instructions Thomson Co Produces And Distributes Semiconductors For Use By Computer Manufacturers Thomson Issued 540 2 (28.67 KiB) Viewed 46 times

Instructions Thomson Co Produces And Distributes Semiconductors For Use By Computer Manufacturers Thomson Issued 540 3 (19.48 KiB) Viewed 46 times

Instructions Thomson Co Produces And Distributes Semiconductors For Use By Computer Manufacturers Thomson Issued 540 4 (24.87 KiB) Viewed 46 times

Instructions Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson issued $540,000 of 10-year, 11% bonds on May 1 of the current year at face value, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions for the current year. Refer to the Chart of Accounts for exact wording of account oties. May 1 Issued the bonds for cash at their face amount Nov. 1 Paid the interest on the bonds. Doc. 31 Recorded accrued interest for two months. II
Instructions Chart of Accounts Journal Journal DESCRIPTION 1 Adjusting Entries 2 3 7 DATE JOURNAL POST. REF. DEBIT CREDIT ACCOUNTING EQUATION LIABILITIES ASSETS EQUITY X
Instructions Chart of Accounts Journal Instructions. On the first day of the fiscal year, a company issues an $1,500,000, 11%, five-year bond that pays semiannual interest of $82,500 ($1,500,000 x 11% x 16), receiving cash of $1,604,070 Journalize the bond issuance on January 1. Refer to the Chart of Accounts for exact wording of account titles.
Instructions Chart of Accounts Journal Instructions Journal Or $1 Journalize the bond issuance on January 1. Refer to the Chart of Accounts for exact wording of account titles. Jo How does grading work? JOURNAL DEBIT DATE POST. REF. DESCRIPTION 1,604,070.00 1 10,407,00 1 Jan 1 Interest Expense Premium on Bonds Payable Cash Score: 22/37 CREDIT 82,500.00 PAGE 10 ACCOUNTING EQUATION ASSETS LIABILITIES EQUITY 1 1