Question: On January 1 2013 French Co issued 400 000 of five year

On January 1, 2013, French Co. issued $400,000 of five-year, 6 percent bonds at 97. 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.


View Solution:


Sale on SolutionInn
Sales1
Views152
Comments
  • CreatedOctober 26, 2013
  • Files Included
Post your question
5000