A company issued 2,000,000$,12%, 5 years semianually bonds when the bonds yield 10% at 1/1/2022. In...

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A company issued 2,000,000$,12%, 5 years semianually bonds when the bonds yield 10% at 1/1/2022. In 30/06/2024 after payment of interest the company decided to retire half of the bonds for 1,050,000$. required: 1-journalize the entry in 1/1/2022 2- journalize the entry of interest in 30/06/2024 befor retirment 3-journalize the entry for retirment of bonds in 30/06/2024 4-journalize the entry in 31/12/2024 A company issued 2,000,000$,12%, 5 years semianually bonds when the bonds yield 10% at 1/1/2022. In 30/06/2024 after payment of interest the company decided to retire half of the bonds for 1,050,000$. required: 1-journalize the entry in 1/1/2022 2- journalize the entry of interest in 30/06/2024 befor retirment 3-journalize the entry for retirment of bonds in 30/06/2024 4-journalize the entry in 31/12/2024

Answer rating: 100% (QA)

Answer 1 Journalize the entry in 112022 Cash 2000000 Bonds Payable 2000000 2 Journali... View the full answer