On January 1, 2015, White Water issues $200,000 of 7% bonds, due in 10 years, with interest
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Assuming the market interest rate on the issue date is 7%, the bonds will issue at $200,000. Record the bond issue on January 1, 2015, and the first two semi-annual interest payments on June 30, 2015, and December 31, 2015.
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January 1 2015 Cash 200000 Bonds Payable 200000 To r...View the full answer
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Related Book For 
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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