Instructions
( a ) Prepare all necessary journal entries to record the issuance of the bonds and bond interest expense for 2014 ,
102 . assuming the bond sold at
( b ) Prepare journal entries as in part ( a ) assuming the bonds sold at 97 .
( c ) Show the balance sheet presentation for the bond issue at December 31 , 2014 , using ( 1 ) the 102 selling price , and
price then ( 2 ) the 97 selling
NOTE : Enter a number in cells requesting a value ; enter either a number or a formula in cells with a "?" .
P10-8B
Prepare journal entries to record issuance of bonds , interest , straightline amortization , and balance sheet presentation