# Current Attempt in Progress Sheffield Corporation sold $2,900,000, 8%, 5-year bonds on January 1, 2022. The... ###### Question: Current Attempt in Progress Sheffield Corporation sold$2,900,000, 8%, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. Sheffield Corporation uses the straight-line method to amortize bond premium or discount. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 106. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1 Dec. 31
--/0.66 Prepare journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 99. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1 Dec. 31 eTextbook and Media List of Accounts
(1) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 106 selling price. SHEFFIELD CORPORATION Balance Sheet (Partial) $(2) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 99 selling price. (2) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 99 selling price. HEFFIELD CORPORATION Balance Sheet (Partial)$ eTextbook and Media List of Accounts Question Part Score --/0.67

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