Baradzi Corporation had the following bond issue:
Required:
Prepare the following general journal entries.
a.
The issuance of the bonds on June 1, 20-A.
b.
The interest payment and premium amortization on the bonds for November 30, 20-A.
c.
The year-end adjusting entry for interest expense and premium amortization, 20-A.
d.
The reversing entry for January 1, 20-B.

Question

Baradzi Corporation had the following bond issue:  ​
Required:
Prepare the following general journal entries. 
a.
The issuance of the bonds on June 1, 20-A.
b.
The interest payment and premium amortization on the bonds for November 30, 20-A.
c.
The year-end adjusting entry for interest expense and premium amortization, 20-A.
d.
The reversing entry for January 1, 20-B.

Quizplus · Accepted Answer

The Answer of Baradzi Corporation had the following bond issue:  ​
Required:
Prepare the following general journal entries. 
a.
The issuance of the bonds on June 1, 20-A.
b.
The interest payment and premium amortization on the bonds for November 30, 20-A.
c.
The year-end adjusting entry for interest expense and premium amortization, 20-A.
d.
The reversing entry for January 1, 20-B.

Baradzi Corporation Had the Following Bond Issue: ​

Baradzi Corporation Had the Following Bond Issue: