The Colson Company issued $311,000 of 10% bonds on January 1, 2011. The bonds are due January
Question:
The Colson Company issued $311,000 of 10% bonds on January 1, 2011.
The bonds are due January 1, 2016, with interest payable each July 1 and January 1. The bonds are issued at 98.
Prepare the journal entries for
(a) January 1,
(b) The July 1, and
(c) December 31. Assume The Colson Company records straight-line amortization annually on December 31
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Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
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