Question: Frankum Company has issued three different bonds during 2017 Interest

Frankum Company has issued three different bonds during 2017. Interest is payable annually on each of these bonds.
1. On January 1, 2017, 1,000, 8%, 5-year, $1,000 bonds dated January 1, 2017, were issued at face value.
2. On July 1, $900,000, 9%, 5-year bonds dated July 1, 2017, were issued at 102.
3. On September 1, $400,000, 7%, 5-year bonds dated September 1, 2017, were issued at 98.Prepare the journal entry to record each bond transaction at the date of issuance.


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  • CreatedMarch 02, 2015
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