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1 2 On March 31, 2020 Forrester Company issued $400,000, 8%, 5 year bonds at face value. Interest is payable on September 30 and March
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On March 31, 2020 Forrester Company issued $400,000, 8%, 5 year bonds at face value. Interest is payable on September 30 and March 31 of each year. Prepare the entry for March 31, 2020: Prepare the entry to pay interest on September 30, 2020: Prepare the entry to accrue interest on December 31, 2020: Adcock Company issued $600,000, 9% 20 years bonds at 103 on April 30, 2020. Interest is payable on October 31 and April 30 of each year. Prepare the entry to for April 30, 2020: Prepare the entry to pay interest on October 31 and amortize the premium: Prepare the entry to accrue interest on December 31, 2020 and amortize the premium: WE
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