Wempe Co. sold $3 223 000 9% 10-year bonds on January 1 2014. The bonds were dated January 1 2014 and pay interest onJanuary 1. The company uses straight-line amortization on bondpremiums and discounts. Financial statements are preparedannually. List of Available Accounts:Accounts PayableAccounts ReceivableAccumulated Depreciation-EquipmentAccrued Pension LiabilityBonds PayableCashCommon StockCost of Goods SoldDepreciation ExpenseDiscount on Bonds Payable DividendsEquipmentFederal Income Taxes PayableFederal Unemployment Taxes PayableFICA Taxes PayableGain on Bond RedemptionIncome Tax ExpenseIncome Taxes PayableInsurance ExpenseInterest ExpenseInterest PayableInventoryLandLoss on Bond RedemptionMortgage PayableNo EntryNotes PayableOther Operating ExpensesPayroll Tax ExpensePremium on Bonds PayablePrepaid InsuranceRetained EarningsSalaries and Wages ExpenseSalaries and Wages PayableSales RevenueSales Taxes PayableService RevenueState Income Taxes PayableState Unemployment Taxes Payable Subscription RevenueTicket RevenueUnearned Rent RevenueUnearned Sales RevenueUnearned Service RevenueUnearned Subscription RevenueUnearned Ticket RevenueUnion Dues PayableWarranty Liability
