On August 1, Clayton Co. issued 1,300,000 of 20 year, 9% bonds, dated August 1, for $1,225,000.
Question:
a. Issuance of bonds
b. Accrual of interest and amortization of bond discount for the year, on December 31, using the straight-line method.
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Related Book For
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
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