Homework Sourse109a to 1011aSolutionSOLUTION P109A A B C D Balance Sheet Pr
10-9a to 10-11a
Solution
SOLUTION
P10-9A
(A)
(B)
(C)
(D) Balance Sheet Presentation
| Date | Accounts title and Explanations | Debit ($) | Credit ($) |
| Jan.1,2019 | Cash (3,000,000*1.04) | 3,120,000 | |
| Premium on Bonds payable | 120,000 | ||
| Bond Payable | 3,000,000 | ||
| (For 10 year bonds issued at premium) |
