Question

On december 31 wintergreen, inc. , issued $150,000 of 7 percent, 10-year bonds at a price of 93. 25.

Answer 1

Cash - $139,875 (debit)

Discount on bonds payable - $10,125 (debit)

Bonds payable - $150,000 (credit)

Explanation:

Next time please put the complete question. For other people the question is:

On December 31, 2019, Wintergreen, Inc., issued $150,000 of 7 percent, 10-year bonds at a price of 93.25. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.