McGee Company issued $400,000 of 8%, 20-year bonds on January 1, 2014, at 102. Interest is payable
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Instructions
Prepare the journal entries to record the following.
(a) The issuance of the bonds.
(b) The payment of interest and the related amortization on July 1, 2014.
(c) The accrual of interest and the related amortization on December 31, 2014.
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Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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