isaac5773 isaac5773

07-02-2020
Business

contestada

On August 1, 2022, Blue Spruce Corp. issued $481,200, 7%, 10-year bonds at face value. Interest is payable annually on August 1. Blue Spruces year-end is December 31. Prepare journal entry to record the issuance of the bonds.

Respuesta :

Uzzaam369 Uzzaam369

08-02-2020

Answer:

The journal entry for the issuance of bond will be: Cash credit by $481200

and Bond receivable debit by $481200

Answer Link

Otras preguntas

Tina and Tom are co-workers at Acme Corporation. As night custodians, they work together cleaning the Acme office building at night when the building is empty.

Magnetic resonance imaging needs a magnetic field strength of 1.5 T. The solenoid is 1.8 m long and 75 cm in diameter. It is tightly wound with a single layer o

Which of the following would best be described as an ethnic subculture? a. college graduates b. blue-collar workers c. African Americans d. Kentuckians

describe 4 ways that we know the global climate is changing

The following information came from the income statement of the Wilkens Company at December 31, 2017: sales revenue $1,800,000; beginning inventory $160,000; en

Find the volume of a cone when given height and circumference.

A rowing team rowed an average of 15.2 miles per hour with the current and 8.4 miles per hour against the current. Determine the team's rowing speed in still w

What two things is Edmond Locard known for in the field of forensic science?

What is the following scenario an example of? Tom often calls 911 from the drive-through lane of a fast food restaurant if his order comes out wrong. A. public

How many days will it take for $1500 to earn $16 interest if it is deposited in a bank paying simple interest at the rate of 4%/year? (Use a 365-day year. Round