Question: On January 1 2016 Price Co issued 190 000 of five year

On January 1, 2016, Price Co. issued $190,000 of five-year, 6 percent bonds at 96½. 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 2016 and 2017.

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  • CreatedApril 20, 2015
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