A company issued 9%, 10-years bonds with a par value of $1,000,000 on September 1, Year 1
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Question:
(a) Prepare the issuer's journal entry to record the issuance of the bonds on September 1.
(b) Prepare the issuer's journal entry to record the semiannual interest payment on December 31, Year 1.
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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