Xtra-Gold Corporation had a $1,200,000, 5% bond available for issue on September 1, 2017. Interest is to
Question:
Xtra-Gold Corporation had a $1,200,000, 5% bond available for issue on September 1, 2017. Interest is to be paid quarterly beginning November 30. All of the bonds were issued at par on October 1. Prepare the appropriate entries for:
a. October 1, 2017
b. November 30, 2017
c. December 31, 2017 (Xtra-Gold’s year-end)
d. February 28, 2018
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Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9781259087363
15th Canadian Edition
Authors: Kermit Larson, Heidi Dieckmann
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