On February 1. The Oasis Corp. issues 8%, 20-year bonds payable with a face value of $100,000.
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On February 1. The Oasis Corp. issues 8%, 20-year bonds payable with a face value of $100,000. The bonds sell at 98 and pay interest on January 31 and July 31. The Oasis Corp. amortizes bond discount by the straight-line method. Record
(a) issuance of the bonds on February 1,
(b) the semiannual interest payment on July 31, and
(c) the interest accrual on December 31.
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ISBN: 9780130906991
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