NE CALCULATOR FULL SCREEN PRINTER VERSIONBACK Brief Exercise 14-4 The Stellar Company issued S3 10,000...
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NE CALCULATOR FULL SCREEN PRINTER VERSIONBACK Brief Exercise 14-4 The Stellar Company issued S3 10,000 of 10% bonds on January 1, 2017. The bonds are due January 1, 2022, with interest payable each July 1 and January 1. The bonds were issued at 101. Prepare the Journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Stellar Company records traight-line amortization semiannually. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to o decimal places, e.g. 38,548.) Account Titles and Explanation Cash Discount on Bonds Payable No. Date Debit Credit (a) January 1, 2017 tudy Bonds Payable 310,000 (b) July 1, 2017 Interest Ex Cash Discount on Bonds Payable (c) December 31, 2017 Inberest Expense tarest Paable Discount on Bonds Payable Bookn Book Recently Vie Chapter 14 Mon 1 PREVIEW LE
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