issuance of bonds

Project Description:

equipment was acquired on january 1, 2009, at a cost of $190,000. the equipment was originally estimated to have a salvage value of $10,000 and an estimated life of 10 years. depreciation has been recorded through december 31, 2011, using the straight-line method. on january 1, 2012, the estimated salvage value was revised to $16,000 and the useful life was revised to a total of 8 years

• prepare the journal entry to record issuance of bond

• prepare the journal entry to accrue the interest on march 30, 2012


• prepare the journal entry to pay the interest on april 1, 2012
Skills Required:
Project Stats:

Price Type: Negotiable

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