Question: E15.3 Prepare entries for bonds issued at face value ) On January 1, 2020, Forrester Company issued $400,000, 8% 5-year bonds at face value. Interest

E15.3 Prepare entries for bonds issued at face value ) On January 1, 2020, Forrester Company issued $400,000, 8% 5-year bonds at face value. Interest is payable annually on January 1 Instructions Prepare journal entries to record the following. (a) The issuance of the bonds. (b) The accrual of interest on December 31, 2020. (c) The payment of interest on January 1,2021 (L E15.4 Prepare entries for bonds issued at face value (L ) Laudie Company issued $400,000 of 9% 10-year bonds on January 1, 2020, at face value. Interest is payable annually on January 1, 2021. Instructions Prepare the jounal entries to record the following events (a) The issuance of the bonds. (b) The accrual of interest on December 31, 2020. (c) The payment of interest on January 1, 2021. (d) The redemption of bonds at maturity, assuming interest for the last interest period has been paid and recorded

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