XYZ Corporation issues a 5 -year, 8%, $100,000 Bond. The bond is dated January 2000 and Interest

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XYZ Corporation issues a 5 -year, 8%, $100,000 Bond. The bond is dated January 2000 and Interest is paid semiannually on January, 1st and July 1st.

a) If the bond is issued at 1.05 on January 1st, 2000. Prepare journal entries on the date of issuance and on July 1st, 2000.

b) If the bond is issued at 1.05 on April 1st ,2000. Prepare journal entries on the date of issuance and on July 1st, 2000.

c) If the bond is issued at 1.05 on July1st, 2000. Prepare journal entries on the date of issuance.

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: Mar 28, 2023 10:50 PM

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XYZ Corporation issues a 5 -year, 8%, $100,000 Bond. The bond is dated January 2000 and Interest

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Intermediate Accounting

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