Question: Xtra Gold Corporation had a 1 200 000 5 bond available for issue

Xtra-Gold Corporation had a $1,200,000, 5% bond available for issue on September 1, 2014. Interest is to be paid quarterly beginning November 30. All of the bonds were issued at par on October 1. Prepare the appropriate entries for:
a. October 1, 2014
b. November 30, 2014
c. December 31, 2014 (Xtra-Gold’s year-end)
d. February 28, 2015



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  • CreatedJanuary 08, 2015
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