Question: Watson Mutual Insurance Company issued a 65 000 11 10 year bond

Watson Mutual Insurance Company issued a $65,000, 11%, 10-year bond payable at 109 on January 1, 2016.
Requirements
1. Journalize the issuance of the bond payable on January 1, 2016.
2. Journalize the payment of semiannual interest and amortization of the bond discount or premium on July 1, 2016.

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  • CreatedJune 15, 2015
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