On March 1, 2011, Stratford Lighting issued 14% bonds, dated March 1, with a face amount of
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Required:
1. Prepare the journal entry to record the issuance of the bonds by Stratford Lighting on March 1, 2011.
2. Prepare the journal entry to record interest on August 31, 2011.
3. Prepare the journal entry to accrue interest on December 31, 2011.
4. Prepare the journal entry to record interest on February 28, 2012.
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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