Pina Co. is building a new hockey arena at a cost of $2,560,000. It received a downpayment of $450,000 from local busine
Posted: Fri Jul 01, 2022 8:28 am
- Pina Co Is Building A New Hockey Arena At A Cost Of 2 560 000 It Received A Downpayment Of 450 000 From Local Busine 1 (13.78 KiB) Viewed 35 times
- Pina Co Is Building A New Hockey Arena At A Cost Of 2 560 000 It Received A Downpayment Of 450 000 From Local Busine 2 (27.48 KiB) Viewed 35 times
- Pina Co Is Building A New Hockey Arena At A Cost Of 2 560 000 It Received A Downpayment Of 450 000 From Local Busine 3 (28.39 KiB) Viewed 35 times
Prepare the journal entry to record the issuance of the bonds on January 1, 2019. (Round present value factor calculations to 5 decimal places, eg. 1.25124 and the final answer to 0 decimal places eg. 58,971. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation January 1, 2019 Cash Bonds Payable Premium on Bonds Payable Debit 2,234,253 Credit 2,110,000 124,253
Prepare a bond amortization schedule up to and including January 1, 2023, using the effective interest method. (Round answers to O decimal places, e.g. 38,548.) Date 1/1/19 1/1/20 1/1/21 1/1/22 1/1/23 $ Cash Paid Interest Expense $ Premium Amortization $ Carrying Amount of Bonds