Origin issued a $ 40,000, 5%, 10-year bond payable at 90 on January 1, 2014. Requirements 1.

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Origin issued a $ 40,000, 5%, 10-year bond payable at 90 on January 1, 2014.

Requirements
1. Journalize the issuance of the bond payable on January 1, 2014.
2. Journalize the payment of semiannual interest and amortization of the bond discount or premium on July 1, 2014.

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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