On January 1, 2019, Forrester Company issued $400,000, 8%, 5-year bonds at face value. Interest is payable

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On January 1, 2019, Forrester Company issued $400,000, 8%, 5-year bonds at face value. Interest is payable annually on January 1.
Instructions
Prepare journal entries to record the following.
(a) The issuance of the bonds.
(b) The accrual of interest on December 31, 2019.
(c) The payment of interest on January 1, 2020.
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Financial Accounting

ISBN: 978-1119305736

10th edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

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