Question: On December 31 2010 Brock Co issued a 800 000

On December 31, 2010, Brock & Co. issued a $800,000 of bonds payable at par. The bonds have a 7 percent stated rate, pay interest on June 30 and December 31, and mature on December 31, 2011.

Required:
Prepare the journal entries to record the interest payment on June 30, 2011.

View Solution:


Sale on SolutionInn
Sales0
Views64
Comments
  • CreatedSeptember 22, 2015
  • Files Included
Post your question
5000