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Insert Dr Page Layout DALT BOND DISC AMORTA Forms Data Review View There are 5...

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Accounting

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Insert Dr Page Layout DALT BOND DISC AMORTA Forms Data Review View There are 5 problems in this set. Choose a number between 1 and 5: LINE DATE Note:place entries within the braces GENERAL JOURNAL 1/1/17 CASH DEBIT CREDIT GRADE Date Transaction 1/1/17 tackson Company issued $100,000 of bonds at a price of 97 DON of face value. The bonds have a maturity of 3 years and an interest rate of 6.00with an interest payments 12/31/1 12/11/17 Make the first interest entry. Debit interest Expense credit Discount on Bonds Payable, credit Cash 919/31/18 12/01/18 Make the second interest entry. 12/11/19 Make the third interest entry TORRRRR 12/31/19 Make the entry to pay off the face amount of the bonds at the end of year

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