Problem 14 2 (Part Level Submission) Riverbed Co. is building ew hockey at at a cost of $2,460,000. of $500,000 from local b e project and now needs to borrow $1,960,000 to complete the pr therefor decides to issue $1,960,000 of 10%. 0-year owanparrn support bonds. The bonds 2016 d pay terest ally h January The bonds yield 9% (a) Your answer is correct Prepare the joumal entry to record the issuance of the bonds on January 1, 2016. Round present value factor calculations to 5 decimal places, e,g, 1.25124 and the final answer to 0 decinnal places e.g. 58,971. If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts, Credit account titles are automatically indented when amount is entered. Do not indent manually. Account Titles and Explanation 20 Bonds payable 960000 Show transcribed image text Problem 14 2 (Part Level Submission) Riverbed Co. is building ew hockey at at a cost of $2,460,000. of $500,000 from local b e project and now needs to borrow $1,960,000 to complete the pr therefor decides to issue $1,960,000 of 10%. 0-year owanparrn support bonds. The bonds 2016 d pay terest ally h January The bonds yield 9% (a) Your answer is correct Prepare the joumal entry to record the issuance of the bonds on January 1, 2016. Round present value factor calculations to 5 decimal places, e,g, 1.25124 and the final answer to 0 decinnal places e.g. 58,971. If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts, Credit account titles are automatically indented when amount is entered. Do not indent manually. Account Titles and Explanation 20 Bonds payable 960000
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