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On January 31, 2018, Daughtry Logistics, Inc., issued ten-year, 9% bonds payable with a face...

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Accounting

On January 31, 2018, Daughtry Logistics, Inc., issued ten-year, 9% bonds payable with a face value of $6,000,000. The bonds were issued at 92 and pay interest on January 31 and July 31. Daughtry Logistics amortizes bond discounts using the straight-line method. Need help solving these 3 questions. image
& E9-15A (similar to) ssued ten-year, 9% bonds payable with a face value of S6000 000 The bonds were issued at 92 and p On January 31, 2018, Daughtry Logistics, Inc. method Read the requirement a. Record the issuance of the bond payable on January 31, 2018. (Record debits first, then credits. Exclude explanations from any journal entries ) Journal Entry Date Accounts Debit Credit Jan 31 Cash 5,520,000 Discount on Bonds Payable 480,000 Bonds Payable 6,000,000 b. Record the payment of semianual interest and amortization of bond discount on July 31, 2018 Journal Entry Date Accounts Debit Credit July 31 Interest Expense 258,000 Cash 210,000 Discount on Bonds Payable 48,000 Choose from any list or enter any number in the input fields and then click Check Answer. part remaining Clear All O Type here to search

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