bonds payable

Sheet3 Sheet2 Sheet1 A corporation issues $60000 5% 3 year bonds at 1) 100 2) 103 3) 99 For each of the 3 situations, show journals Bonds Payable 1) and financial reports for the bond Ref Description Dr Cr Cash Yr 1 2) Interest Expense Yr 2 Yr 3 Income Statement Balance Sheet Yr 0 Liabilities Bond Premium 3) Bond Carrying Value Bond Discount Question 1 Question 2 In example 1 above, into 5000 $5 par common stocks $61000 a) in situation 2), at the end of year 2, the bonds are converted b) in situation 3) , at the end of year 1, the bonds are called for For a and b above, show journals A) Common stock PIC Excess par B) Bond discount Loss on Bonds Called 00000.00 00000.00 0000.00 00000.00 0.00 0000.00 0000.00 00000.00 0.00 0000.00 0000.00 00000.00 0.00 0000.00 00000.00 00000.00 0000.00 0000.00 0000.00 00000.00 00000.00 00000.00 0.00 00000.00 00000.00 0.00 00000.00 0000.00 0000.00 00000.00 0.00 0000.00 000.00 0.00 000.00 0000.00 00000.00 0.00 0000.00 000.00 000.00 0000.00 00000.00 0.00 0000.00 000.00 000.00 00000.00 00000.00 0000.00 0000.00 0000.00 00000.00 00000.00 00000.00 0.00 0000.00 0000.00 000.00 00000.00 00000.00 00000.00 0.00 00000.00 00000.00 0.00 00000.00 000.00 0000.00 00000.00 0.00 0000.00 000.00 0.00 000.00 0000.00 00000.00 0.00 0000.00 000.00 000.00 0000.00 00000.00 0.00 0000.00 000.00 000.00 00000.00 00000.00 0000.00 0000.00 0000.00 00000.00 00000.00 00000.00 0.00 000.00 000.00 000.00 0.00 00000.00 00000.00 00000.00 0.00 00000.00 000.00 00000.00 00000.00 00000.00 000.00 00000.00 0000.00