Splish Brothers Inc. issues $520,000, 20-year, 10% bonds at 102. Prepare the journal entry to record the sale of these bonds on June 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation June 1

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Splish Brothers Inc. issues $520,000, 20-year,
10% bonds at 102.
Prepare the journal entry to record the sale of
these bonds on June 1, 2022. (Credit account
titles are automatically indented when
amount is entered. Do not indent manually.
If no entry is required, select "No Entry" for
the account titles and enter O for the
amounts.)
Date Account Titles and Explanation
June 1
eTextbook and Media
SUPPORT
Transcribed Image Text:Splish Brothers Inc. issues $520,000, 20-year, 10% bonds at 102. Prepare the journal entry to record the sale of these bonds on June 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation June 1 eTextbook and Media SUPPORT
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