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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 3 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
1/1/12 carter corp. issued $5,000,000 10 year 8% bond at 103. Interest is payable semianually on 1/11 and 7/11. The journal entry to record this transaction on 1/1/2010 is 1. debit cash 5,000,000 to credit bond payable 5,000,000. 2. debit cash 5,150,000 credit bond payable 5,150,000 3. debit premium on bond payable 150,000 debit cash 5,000,000 credit bond payable 5,150,000 4. debit cash 5,150,000, credit bond , payable 5,000,000 credit premium on bonds payable 150,000
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