Filmore Homebuilders issued $250,000 of 8%, 10-year bonds at par on September 30, 2012. Filmore pays semiannual
Question:
Requirements
1. Journalize the issuance of the bonds payable on September 30, 2012.
2. Journalize the accrual of interest on December 31, 2012.
3. Journalize the payment of semiannual interest on March 31, 2013.
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Req 1 Journal Entry DATE ACCOUNTS AND EXPLANATIONS POST REF DEBIT CREDIT 2012 Sep 30 Cash 25...View the full answer
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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