Temple Company has $500,000 of 9% bonds that pay interest on June 30 and December 31 and
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Question:
Temple Company has $500,000 of 9% bonds that pay interest on June 30 and December 31 and have an authorization date of January 1, 2019. The company issues the bonds on March 1, 2019, at par, plus accrued interest. Prepare the journal entry to record the issuance of the bonds.
Related Book For
Financial Accounting
ISBN: 978-0077862268
2nd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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