Hunter Corp. issued a $500,000, 3.25 percent, 10-year bond payable on January 1, 2017. Journalize the following
Question:
Include a calculation for each entry.
1. Issuance of the bond payable at par on January 1, 2017.
2. Payment of semi-annual cash interest on July 1, 2017.
3. Payment of the bonds payable at maturity.
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Related Book For
Horngrens Accounting
ISBN: 978-0133855388
10th Canadian edition Volume 2
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
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