Southern Company issued a $600,000 bond at 99% on January 1st. The bond has a two year
Question:
Southern Company issued a $600,000 bond at 99% on January 1st. The bond has a two year life and pays 5% interest annually each December 31s t.
Prepare the Appropriate Journal entries
2. Magnolia Company issued a $1,000,000 bond at 102%% on January1st the bond has a 2 year term and pays 6% interest annually each December 31s t.
Prepare the appropriate journal entries.
3. Juniper Company issued a $900,000 bond at 100% on 1-1-20. The bond has a 2 year term and
pays 4% interest annually each December 31s t. Prepare the appropriate journal entries.
4. Sweet Pea Company issued a $2,000,000 bond at 98% on January 1st. . The bond has a five year term and pays 8% interest annually each December 31s t.
Prepare the appropriate journal entries.
5. Rose of Sharon Company issued a $2,000,000 bond at 101% on January1st. The bond has a
five year term and pays 5% interest annually each December 31s t. Prepare the appropriate journal entries.
Advanced Accounting
ISBN: 978-0538480284
11th edition
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng