Watch the “Similar to Problem 10-5A” video located in the Week 3 Video Assignments in WileyPLUS.
Consider the following as you view:
The purpose of this video is to show how to record a bond that has been issued at a discount. The journal entries in this video reflect the general process from the issuance of the bond, to the retirement of the bond, and then the balance sheet presentation. As you watch this video, please reflect on the process the instructor uses to arrive at the answers and the various explanations provided in the video to help you understand why each step is taken.