Waterbahn Waterslide Company issued 25,000, 10-year, 6 percent, $100 bonds on January 1, 2014, at face value.
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Waterbahn Waterslide Company issued 25,000, 10-year, 6 percent, $100 bonds on January 1, 2014, at face value. Interest is payable each December 31. Show the accounting equation effects and prepare journal entries for (a) the issuance of these bonds on January 1, 2014, and (b) the interest payment on December 31, 2014.
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-1259103292
4th Canadian edition
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
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