ABC company sold 7 0 0 0 0 0 0 of 5 % bonds on August 1
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Question:
ABC company sold of bonds on August That is a total of when the market rate was at The bonds were dated August and pay interest twice a year. The mature will be in years. Record the journal entries for sale of the bonds. Also, JE to accrue interest at the end of the fiscal period, which is December Finally, an entry to make the first interest payment. ABC amortization is done with the straightline method.
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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