On 1 August 2022, Kyle Co issues $300,000 of 8%, 5-year debentures at par. The half-yearly interest payment dates are 31 March and 30 September every year. Kyle Co incurs interest expenses only from these Debentures and its financial year ends on 31 December. Required: (a) Prepare journal entries for the issue of debentures on 1 August 2022. (b) Prepare journal entries for the payment of interest on 30 September 2022. (c) Prepare journal entries for the accrual of interest (if any) on 31 December 2022. (d) Prepare journal entries for the payment of interest on 31 March 2023

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a Journal entries for the issue of debentures on 1 August 2022 javascript Copy code Date ... View the full answer