Accounting 2
gibons
hho9e_e11_19_eip_stud.xlsE11-19
| Accounting, 9e | ||||||
| E11-19 | Journalizing bond transactions - year-end interest accrual | |||||
| LO 3 [10 minutes] | ||||||
| Students please fill-in areas that are shaded | ||||||
| Student Name | ||||||
| Course Name | ||||||
| Student ID: | ||||||
| Date: | ||||||
| Filmore Homebuilders issued $250,000 of 8%, 10-year bonds at par on September 30, | ||||||
| 2012. Filmore pays semiannual interest on March 31 and September 30. | ||||||
| Requirements | ||||||
| 1. | Journalize the issuance of the bonds payable on September 30, 2012. | |||||
| 2. | Journalize the accrual of interest on December 31, 2012. | |||||
| 3. | Journalize the second payment on February 28, 2013 (do not round). | |||||
| Test Your Knowledge | ||||||
| E11-19 | ||||||
| Req. 1 | ||||||
| Journal | ||||||
| DATE | ACCOUNTS AND EXPLANATIONS | DEBIT | CREDIT | |||
| 2012 | ||||||
| Jan 1 | ||||||
| Issued bonds at par. | ||||||
| Req. 2 | ||||||
| Journal | ||||||
| DATE | ACCOUNTS AND EXPLANATIONS | DEBIT | CREDIT | |||
| 2012 | ||||||
| Dec 31 | ||||||
| Req. 3 | ||||||
| Journal | ||||||
| DATE | ACCOUNTS AND EXPLANATIONS | DEBIT | CREDIT | |||
| 2013 | ||||||
| Mar 31 |
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