Golden plc issues 4 million, 5-year, 10% bonds at 102, with interest payable annually January 1. The
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(a) Prepare the journal entry to record the sale of these bonds on January 1, 2017.
(b) Prepare the adjusting journal entry to record interest expense and bond premium amortization on December 31, 2017.
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a Cash 102 4000000 4080000 B...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-1118978085
IFRS 3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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