Hunter Corp. issued a $500,000, 6.5-percent, 10-year bond payable on January 1, 2014. Journalize the following transactions
Question:
Include an explanation for each entry.
a. Issuance of the bond payable at par on January 1, 2014.
b. Payment of semiannual cash interest on July 1, 2014. (Round to the nearest dollar.)
c. Payment of the bonds payable at maturity. (Give the date.)
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Related Book For
Accounting
ISBN: 978-0132690089
9th Canadian Edition volume 2
Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
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