Question

Deer issued a $125,000, 6.0%, 15-year bond payable. Journalize the following transactions for Deer, and include an explanation for each entry:
a. Issuance of the bond payable at face value on January 1, 2016.
b. Payment of semiannual cash interest on July 1, 2016.
c. Payment of the bond payable at maturity.


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  • CreatedJune 15, 2015
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