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  3. pharoah company issued $465,000,78,30 year bonds o

Pharoah Company issued $465,000,78,30 year bonds on Jmaary 1, 2025, at 104 Interest is payabic...

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Accounting

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Pharoah Company issued $465,000,78,30 year bonds on Jmaary 1, 2025, at 104 Interest is payabic annually on january 1 . Pharoah uses straight-line amortization for bond premium or discount. Prepare the joarnal entries to record the following events, (List all debit entries before credit entrlec Credit occount tities are outometically Indented when amount is entered. Do not indent manually if no entry is required, select 'No Entry' for the occount Uties and enter Ofor the amounts) (a) The issuance of the bonds: (b) The accrual of interest and the premium amortization on December 31, 2025. (c) The payrment of interest on January 1.2026 (d) The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded Date Account Titles and Explanation Debit Credit

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