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This Tutorial contains Excel Sheet which can be used to solve All
Wiley Problem for any numbers/values
Complete the assigned exercises in WileyPLUS
Excel Problem 10-8A
Excel Problem 10-8B
Excel Problem 10-10A
Problem 11-2A
Problem 11-7A
P10-8A
Prepare journal entries to record issuance of bonds, interest, straight-
line amortization, and balance sheet presentation
and balance sheet presentation
Yung Corporation sold $2,000,000, 7%, 5 year bonds on January 1,
2014. The bonds were dated January 1, 2014, and pay interest
on January 1. The company uses straight-line amortization on bond
premiums or discounts.
Instructions
(a)
Prepare all necessary journal entries to record the issuance
of the bonds and bond interest expense for 2014,
assuming the bond sold at 102.
(b)
Prepare journal entries as in part (a) assuming the bonds sold
at 97.