Question: Devine Corporation issued 340 000 of 6 20 year bonds at 93

Devine Corporation issued $340,000 of 6%, 20-year bonds at 93 on March 1, 201X, with semiannual interest payable on March 1 and September 1. Amortization of discount is by using the straight-line method. Record the journal entries for the following:
a. Issuance of bonds.
b. Semiannual interest payment on September 1 and amortization of discount.
c. Retirement of bonds at maturity.

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  • CreatedApril 24, 2014
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