Bonds Payable Journal Entry Example (Debit, Credit) Suppose a company raised $1 million in the form of bond issuances. The journal entries would be as follows: Cash Account → Debit by $1 million Bonds Payable → Credit by $1 million For each month that the bond is outstanding, the “In...
1〕全对4分,〔2〕全对5分,〔3〕全对6分〔1〕 Debit: cash 636000Credit: Bonds payable 600000Premium on bonds payable 36000〔2〕 Debit: Interest Expenses 28302Premium on bonds payable 198Credit: Cash 28500〔3〕 Debit: Interest Expenses 14137Premium on bonds payable 113Credit: Interest payable ...
debit"bankdeposits"andothersubjects,accordingtothefaceamountofbond,thecredit"-thefacevalueofbondspayable"subjects;Ifthereisadifference,itshallbewrittenorcreditedtothesubjectofinterestadjustment.Toissuebondsatparandprovisionineachissueusingcouponinterest,shall,accordingtotheprincipleofconsistentwithlong-termloans...
Bonds Payable had a credit balance of $10,000,000 Bond Discount had a debit balance of $240,000 Bond Issue Costs had a debit balance of $130,000 The book value (or carrying value) of the bonds payable at December 31 was $9,630,000. Related Questions What is book value? Where is...
〔〕 Debit: cash 636000 Credit: Bonds payable 600000 Premium on bonds payable 36000 〔2〕 Debit: Interest Expenses 28302 Premium on bonds payable 98 Credit: Cash 28500 〔3〕 Debit: Interest Expenses 437 Premium on bonds payable 3 Credit: Interest payable 4250反馈...
(1) Debit: cash 636000 Credit: Bonds payable 600000 Premium on bonds payable 36000 (2) Debit: Interest Expenses 28302 Premium on bonds payable 198 Credit: Cash 28500 (3) Debit: Interest Expenses 14137 Premium on bonds payable 113 Credit: Interest payable 14250反馈...
Assume the investors pay $9,800,000 for the bonds having a face or maturity value of $10,000,000. The difference of $200,000 will be recorded by the issuing corporation as a debit to Discount on Bonds Payable, a debit to Cash for $9,800,000, and a credit to Bonds Payable for $...
Date Account Title and Description Ref. Debit Credit July 1 Bonds Payable 10,000 Cash 10,000 Paid off bonds at maturity Bonds issued at a discount • ABC Inc. issues $10,000 ten-year bonds, with a coupon interest rate of 9% and semiannual interest payments payable on June 30 and Dec...
37、onDebitCreditAmortization of a Bond DiscountInterest Expense6,359.70Discount on Bonds Payable359.70Cash6,000.00Jan. 1Issued 12%, five-year bonds at a discount.The straight-line method amortizes bond discount in equal periodic amounts. Cash96,406Discount on Bonds Payable3,594Bonds Payable100,...
单项选择题 account, which is the debit balance account, is a contra–liability account. A. Discount on bonds payable B. Premium on bonds payable C. Carrying value D. None of the above. 点击查看答案