Question: On January 1 2013 Berry Co issued 180 000 of five year

On January 1, 2013, Berry Co. issued $180,000 of five-year, 6 percent bonds at 96 ½. Interest is payable annually on December 31. The discount is amortized using the straight-line method.

Required
Prepare the journal entries to record the bond transactions for 2013 and 2014.


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  • CreatedOctober 26, 2013
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