Date of issue of bonds = January 1, 2019 Bond life = 3 years Stated interest rate

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Date of issue of bonds = January 1, 2019 Bond life = 3 years Stated interest rate = 12% Interest is paid semi-annually. The following entry was made to record the first interest payment on June 30, 2019: Debit - Interest expense $17,000 Credit - Cash $16,500 Credit - Discount on bonds $500 Required - Journal entry made to record the issuance of bonds on January 1, 2019

Posted Date: May 18, 2024 03:17 PM

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Date of issue of bonds = January 1, 2019 Bond life = 3 years Stated interest rate

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