Bonds Issued at Face Value On December 31, 2017, Desmond & Co. issued 5,000 bonds with a

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Bonds Issued at Face Value On December 31, 2017, Desmond \& Co. issued 5,000 bonds with a $\$ 1,000$ par value at 100 . The bonds have an $8 \%$ stated rate, pay interest on June 30 and December 31, and mature on December 31, 2018.

Required:

Prepare the journal entries to record the interest payment on June 30, 2018.

OBJECTIVE 4 Brief Exercise

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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Question Posted: Jun 10, 2024 01:08 AM

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Bonds Issued at Face Value On December 31, 2017, Desmond & Co. issued 5,000 bonds with a

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Cornerstones Of Financial Accounting

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