Please help me!!!
Bonds Issued At A Premium Bunkichi Corporation issued the following bonds at a premium:
Date of issue and sale March 1, 20
Principal amount $800,000
Sale price of bonds 103
Denomination of bonds $1,000
Life of bonds 10 years
Stated rate 8% payable semiannually on August 31 and February 28
1. Prepare journal entries for:
a. Issuance of bonds at a premium
b. Interest payment and premium amortization on the bonds on August 31, 20.
c. Year end adjustment on the bonds for20-1.
d. Reversing entry for the beginning of 20-2.
e. Interest payments and premium amortization on the bonds for 20-2
2. Calculate the carrying value of the bonds on August 31, 20-2
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!Use Discount Code “Newclient” for a 15% Discount!NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.