Prepare the journal entries (in good form) to record the following entries: On April 1st, the TJD

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Prepare the journal entries (in good form) to record the following entries:

On April 1st, the TJD Company issued S72,000, 10%, 10-year bonds dated 111 at 98 plus accrued interest. Interest pays semiannually on 7/1 and VI

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 answer-question

Governmental and Nonprofit Accounting

ISBN: 978-0132751261

10th edition

Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi

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Posted Date: Mar 08, 2019 09:03 AM

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Prepare the journal entries (in good form) to record the following entries: On April 1st, the TJD

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Date Particulars Debit Credit Apr01 Cash 7056000 Discount on issue of bond 144000 10 Bond 72... View the full answer

Governmental and Nonprofit Accounting

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