The following Information applies to the questions displayed below] Ike issues $
ID: 2434665 • Letter: T
Question
The following Information applies to the questions displayed below] Ike issues $260,000 of 9%, three-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $266,811. Their market rate is 8% at the issue date. Required: 1. Prepare the January 1, 2017, Journal entry to record the bonds' Issuance. View transacion ist Journal entry worksheet alue of $260,0 1, 2017 at an issue price of $266,811 Note: Enter debits before credits Date General Journal DebitCredit Jan 01, 2017 Record entry Clear entry View génèral joumalExplanation / Answer
General Journal
Debit
Credit
Cash
266811
Bonds payable
260000
Premium on bonds
6811
General Journal
Debit
Credit
Cash
266811
Bonds payable
260000
Premium on bonds
6811