Straight-Line Discount Amortization Instructions Chart of Accounts General Journal X Instructions Bryan Company issued $570,000 of 6% face value bonds on January 1, 2019, for $554,160

Straight-Line Discount Amortization Instructions Chart of Accounts General Journal X Instructions Bryan Company issued $570,000 of 6% face value bonds on January 1, 2019, for $554,160. The bonds are due December 31, 2021, and pay interest semiannually on June 30 and December 31. Bryan uses the straight-line amortization method. Required: Prepare the journal entries to record the issuance of the bonds and the first two interest payments. Prepare the journal entries to record the issuance of the bonds on January 1 and the first two interest payments on June 30 and December 31. General Journal Instructions PAGE 1 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT 1 2 3 4 5 6 7 8 9

-25-


Buy plagiarism free, original and professional custom paper online now at a cheaper price. Submit your order proudly with us



Essay Hope