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  1. business
  2. accounting
  3. jenstar sold $700,000 of 13% bonds at a price to y

JenStar sold $700,000 of 13% bonds at a price to yield 10% on April 30,2022....

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Accounting

JenStar sold $700,000 of 13% bonds at a price to yield 10% on April 30,2022. The bonds pay interest semi-annually on April 30 a October 31. The maturity date of the bonds is April 30,2032. JenStar has a October 31 year end. Please make sure your final answer(s) are accurate to 2 decimal places. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm(ie. January 15 would be 15/Jan).
(a) Prepare the journal entries for the bonds from April 30,2022 to April 30,2023. JenStar uses the effective interest method of amortizing bond premiums and discounts.
\table[[General Journal,\table[[Page G6],[Credit]]],[Date,Account/Explanation,PR,Debit],[30Apr,Cash,,,],[+--1,Bonds payable.,,,],[,,,,],[31? Oct],[+=
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