West Bengal Company sold Rs2,500,000, 8%, 10-year bonds on July 1, 2011. The bonds were dated July
Question:
Instructions
(a) Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2011, assuming that the bonds sold at 104.
(b) Prepare journal entries as in part (a) assuming that the bonds sold at 98.
(c) Show statement of financial position presentation for each bond issue at December 31, 2011.
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a 2011 July 1 Cash Rs2500000 X 104 2500000 Bonds Payab...View the full answer
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Related Book For 
Financial accounting
ISBN: 978-1118285909
IFRS Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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