acc 410 ch 8-9 homework

Chapter 8

 

Problem 8-4

 

Cash                                                                            $200
Other financing sources-proceeds                                           $200

From issuance of long term debt

            Record issuance of BANs

 

No entry is required
 

Other financing sources-proceeds                               $200
From issuance of long term debt

            BANs payable                                                                         $200

Record the BANs as a current fund liability
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