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Safari File Edit View History Bookmarks Window Help n 56% D Fri 11:58 PM Q E edugen. Wileyplus.com Return to Blackboard WileyPLUS gandt, Accounting Principles, 12e System Annout icements (1 Unread PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES Chapter 16 Homework a Exercise 16 (a) Your answer is partially correct. Try again. d Exercise 16.7 Exercise 16-8 Flynn Company purchased 70 Rinehart Company 9%, 10-year, $1,380 bonds on January 1, 2011, for $96,600. The bonds pay interest annually on January 1. On January 1, 2018, after receipt of interest, Flynn Company sold 40 of the bonds for $53,130. Problem 16-4A Prepare the journal entries to record the transactions described above. (Round answers to 0 decimal places, e-g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually, If no entry is required, select “No entry” for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) Review Score Review Results by study objective Account Tities and Explanation Debit Credit 9600 Interest Receivable 96600 Interest Receivable D OTO (To record receipt of interest) Jan. 1, 2018 (To record sale of bonds) ADO BE A 11 A® @ 9 WYD U

 



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