Zho Company issues HK$5 million, 10-year, 9% bonds at 96, with interest payable on July 1 and
Question:
(a) Prepare the journal entry to record the sale of these bonds on January 1, 2011.
(b) Prepare the journal entry to record interest expense and bond discount amortization on July 1, 2011, assuming no previous accrual of interest.
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a Jan 1 Cash 96 X HK5000000 4800000 ...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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