Question

Worthington Mutual Insurance Company issued a $ 50,000, 5%, 10-year bond payable at 108 on January 1, 2014.

Requirements
1. Journalize the issuance of the bond payable on January 1, 2014.
2. Journalize the payment of semiannual interest and amortization of the bond discount or premium on July 1, 2014.



$1.99
Sales1
Views77
Comments0
  • CreatedJanuary 16, 2015
  • Files Included
Post your question
5000