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Prepare the adjusting jpurnal entry needed on sep

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Reference no: EM132583918

Sunland cpmpany issued $448000 of 9% 10 year bonds on jan 1 2021 at face value.Interest is payable anually on Jan 1 2022.

Question 1) record the journal entry to record thr issurance of the bonds for Jan 1 2021

Question 2) Record the accural of interesst on dec 31 2021

Question 3) Record the payment of interest on Jan 1 2022

Question 4) Assuming sunland has a sep 30 year end prepare the adjusting jpurnal entry needed on sep 30 2021 and prepare journal entry to record the interest payment on jan 1 20222 assuming the reversing entries not used

Reference no: EM132583918

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