Entries for bonds payable and installment note transactions The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year: 11eb6eb8_2443_72dc_9fd7_ed563b0bfe4b_SM1486_00 11eb6eb8_2443_72dd_9fd7_95b8d3e393d3_SM1486_00 Instructions 1. Journalize the entries to record the foregoing transactions. Round all amounts to the nearest dollar. 2. Indicate the amount of the interest expense in (a) Year 1 and (b) Year 2. 3. Determine the carrying amount of the bonds as of December 31, Year 2.

Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac

النسخة 26الرقم المعياري الدولي: 978-1285743615

Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac

النسخة 26الرقم المعياري الدولي: 978-1285743615

تمرين 18

Entries for bonds payable and installment note transactions
The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year:

Instructions
1. Journalize the entries to record the foregoing transactions. Round all amounts to the nearest dollar.
2. Indicate the amount of the interest expense in (a) Year 1 and (b) Year 2.
3. Determine the carrying amount of the bonds as of December 31, Year 2.

التوضيح

موثّق

Bonds issued at discount:
When the coup...