Samuel's, Inc. sold $15,000 of 3% bonds to an individual on April 1 at par value. The
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Question:
Samuel's, Inc. sold $15,000 of 3% bonds to an individual on April 1 at par value. The bonds pay interest on June 30 and December 31 each year. What are the proper entries for the sale of the bonds and the June 30 payment of the interest for these bonds? (Do not round intermediary calculations. Only round your final answer to the nearest dollar.)
Account Debit Credit
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Account Debit Credit
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Account Debit Credit
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Account Debit Credit
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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