176. On June 30, 2009, Arlington Company issued $1,500,000 of 10-year, 8% bonds, dated June 30, for $1,540,000. Present entries to record the following transactions: Arlington Company (1) Issuance of bonds. (2) Payment of first semiannual interest on December 31, 2009. (3) Amortization by straight-line method of bond premium on December 31, 2009. 177. (a) Prepare the journal entry to issue $100,000 bonds which sold for $94,000. (b) Prepare the journal entry to issue $100,000 bonds which sold for $104,000. (b) 178. Indicate the section where each of the following items would be reported on the corporation balance sheet: Use the following abbreviations to report the relevant balance sheet section: CA = Current AssetsI = InvestmentsPPE = Property, Plant, and EquipmentIA = Intangible AssetsCL = Current LiabilitiesLTL = Long-Term LiabilitiesPIC = Paid-In CapitalRE = Retained Earnings (a) Marketable securities (b) Bond sinking fund (c) Excess of issue price over par of common stock (d) Unamortized bond discount (on bonds due in 2010)

176. On June 30, 2009, Arlington Company issued $1,500,000 of 10-year, 8% bonds, dated June 30, for $1,540,000. Present entries to record the following transactions: Arlington Company (1)...

176. On June 30, 2009, Arlington Company issued $1,500,000 of 10-year, 8% bonds, dated June 30, for $1,540,000. Present entries to record the following transactions:

Arlington Company
(1)	Issuance of bonds.
(2)	Payment of first semiannual interest on December 31, 2009.
(3)	Amortization by straight-line method of bond premium on December 31, 2009.

177.

(a)	Prepare the journal entry to issue $100,000 bonds which sold for $94,000.
(b)	Prepare the journal entry to issue $100,000 bonds which sold for $104,000.

(b)

178. Indicate the section where each of the following items would be reported on the corporation balance sheet:

Use the following abbreviations to report the relevant balance sheet section:

CA = Current Assets
I = Investments
PPE = Property, Plant, and Equipment
IA = Intangible Assets
CL = Current Liabilities
LTL = Long-Term Liabilities
PIC = Paid-In Capital
RE = Retained Earnings

(a)	Marketable securities
(b)	Bond sinking fund
(c)	Excess of issue price over par of common stock
(d)	Unamortized bond discount (on bonds due in 2010)

May 15, 2022

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176. On June 30, 2009, Arlington Company issued $1,500,000 of 10-year, 8% bonds, dated June 30, for $1,540,000. Present entries to record the following transactions: Arlington Company (1)...

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