Question: On 1 August 2 0 2 2 , Kyle Co issues $ 3 0 0 , 0 0 0 of 8 % , 5 -
On August Kyle Co issues $ of year debentures at par. The halfyearlyinterest payment dates are March and September every year. Kyle Co incurs interestexpenses only from these Debentures and its financial year ends on December.
Required:a Prepare journal entries for the issue of debentures on August b Prepare journal entries for the payment of interest on September c Prepare journal entries for the accrual of interest if anv on December d Prepare journal entries for the payment of interest on March
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