A $200,000.00 bond is issued at 104 on September 1, 2021. The face value of the...
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A $200,000.00 bond is issued at 104 on September 1, 2021. The face value of the bond is 4.00% annual interest rate and the interest will be paid every six months The calendar and fiscal years both end on December 31st. The bond will mature on August 31, 2025 What will be the general journal adjusting entry on December 31, 2022 for the issuer? A $200,000.00 bond is issued at 104 on September 1, 2021. The face value of the bond is 4.00% annual interest rate and the interest will be paid every six months The calendar and fiscal years both end on December 31st. The bond will mature on August 31, 2025 What will be the general journal adjusting entry on December 31, 2022 for the issuer?
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Answer rating: 100% (QA)
To determine the adjusting entry for the issuer on December 31 2022 we need to consider the accrued ... View the full answer
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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