Plenary, Inc., issued $100,000 of 8 percent bonds on January 1, 1998, to yield 6 percent. The
Question:
Required:
1. Provide the entry for bond issuance.
2. Provide the entry for the June 30, 2004 interest payment without using an amortization schedule.
3. Provide the entry for bond retirement.
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Requirement 1 Issue proceeds 100000 PV1 03 20 08 100000 PVA 03 20 100000 55368 08 100000 1487747 114...View the full answer
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