Question: On January 1 2016 Dave Unlimited issues 10 20 year bonds

On January 1, 2016, Dave Unlimited issues 10%, 20-year bonds payable with a face value of $180,000. The bonds are issued at 102 and pay interest on June 30 and December 31.
Requirements
1. Journalize the issuance of the bonds on January 1, 2016.
2. Journalize the semiannual interest payment and amortization of bond premium on June 30, 2016.
3. Journalize the semiannual interest payment and amortization of bond premium on December 31, 2016.
4. Journalize the retirement of the bond at maturity.

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  • CreatedJune 15, 2015
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