Onstar Communication issued ($ 100,000) of (6 %, 10)-year bonds payable on October 1, 2008, at par

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Onstar Communication issued $\$ 100,000$ of $6 \%, 10$-year bonds payable on October 1, 2008, at par value. Onstar's accounting year ends on December 31. Journalize the following transactions. Include an explanation for each entry:

a. Issuance of the bonds on October 1, 2008.

b. Accrual of interest expense on December 31, 2008.

c. Payment of the first semiannual interest amount on April 1, 2009.

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Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

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Question Posted: May 11, 2024 11:04 PM

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Onstar Communication issued ($ 100,000) of (6 %, 10)-year bonds payable on October 1, 2008, at par

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Accounting

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