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Show how the bonds would be reported on the balance sheet

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Reference no: EM132701964

Sandhill Corporation issues $390,000 of bonds for $397,800. 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

Cash                                                  398700

Bonds Payable                                                         390000

Premium on Bonds Payable                                           7800

Problem 1: Show how the bonds would be reported on the balance sheet at the date of issuance. (Enter account name only and do not provide descriptive information.) Create a balance sheet

Reference no: EM132701964

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