Do It Review 103a Indigo Corporation issues 405000 of bonds

Do It! Review 10-3a Indigo Corporation issues $405,000 of bonds for $425,250. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT Show how the bonds would be reported on the balance sheet at the date of issuance. INDIGO CORPORATION Balance Sheet (Partial) $ : $ SHOW LIST OF ACCOUNTS LINK TO TEXT Question Attempts: 0 of 2 used SAVE FOR LATER SUBMIT ANSWER

Solution

Journal entry :

Balance sheet :