Question: Frankum Company has issued three different bonds during 2014 Interest

Frankum Company has issued three different bonds during 2014. Interest is payable semiannually on each of these bonds.
1. On January 1, 2014, 1,000, 8%, 5-year, $1,000 bonds dated January 1, 2014, were issued at face value.
2. On July 1, $900,000, 9%, 5-year bonds dated July 1, 2014, were issued at 102.
3. On September 1, $400,000, 7%, 5-year bonds dated September 1, 2014, were issued at 98.
Prepare the journal entry to record each bond transaction at the date of issuance.


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  • CreatedJanuary 30, 2014
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