Prepare the journal entries (in good form) to record the following entries: On April 1 st ,
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Prepare the journal entries (in good form) to record the following entries:
On April 1 st , the TJD Company issued $72,000, 10%, 10-year bonds dated ill at 98 plus accrued interest. Interest pays semiannually on 7/1 and 1/1.
Record the issuance of the bonds, amortization using the straight-line method, and any interest payment transactions including the entry at 12/31.
Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
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