Question: On January 1 , 2 0 2 5 , Candlestick AG issues 1 0 0 , 0 0 0 , five - year, 1 0

On January 1,2025, Candlestick AG issues 100,000, five-year, 10% bonds at

On January 1,2025, Candlestick AG issues 100,000, five-year, 10% bonds at 100(100% of face value). The entry to record the sale is:
Date
Account Title
Debit
Credit
Jan. 1
Prepare the entry Candlestick would make to accrue interest on December 31.
Date
Account Title
Debit
Credit
Dec. 31
Prepare the entry Candlestick would make to pay the interest on Jan. 1,2026.
Date
Account Title
Debit
Credit
Jan. 1
100(100% of face value). The entry to record the sale is: Date

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