Question

On April 1, 2011, Castile Corporation issued $10,000,000 in 8.0 percent, five-year bonds at 102. The semiannual interest payment dates are April 1 and October 1. Prepare journal entries for the issue of the bonds by Castile on April 1, 2011, and the first two interest payments on October 1, 2011, and April 1, 2012. Use the straight-line method and ignore year-end accruals.



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  • CreatedSeptember 10, 2014
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