college accounting

Project Description:

e22-1a
bonds issued at faced value d&e stamps issued the following bonds:
date of issue and sale: april 1, 20-1
principal amount: $400,000
sale price of bonds: 100
denomination of bonds: $1,000
life of bonds: 10 years
stated rate: 7%; payable semiannually on semiannually on september 30 and march 31
prepare journal entries for:
a.) issuance of bonds
b.) interest payment on the bonds on september 30.
c.) year-end adjustment on the bonds.
Skills Required:
Project Stats:

Price Type: Negotiable

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