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question ezto mheduc ch 14 quick study assignments 1 10 question 10 of 10 value 10 0 4304277

Question

ezto.mheduc CH 14 QUICK STUDY ASSIGNMENTS (1-10) Question 10 (of 10) value: 10.00 points QS 14-11C Issuing bonds between interest dates LO P1 Madrid Company plans to issue 8% bonds on January 1, 2013, with a par value of $4,000,000. The company sells $3,600,000 of the bonds on January 1, 2013. The remaining $400,000 sells at par on March 1, 2013. The bonds pay interest semiannually as of June 30 and December 31. Record the entry for the March 1 cash sale of bonds. (Do not round intermediate calculations.) View transaction list Journal entry worksheet Record the sale of bonds for cash on March 1, 2013. Note: Enter debits before credits. Date General Journal Debit Credit Cash 400,000

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