1. Rolstone Corp. issued $200,000, 8% debenture, 5 Yr bonds, interest payment dates are Jan. 1 and July 1. The bonds sold of 100. Effective
1. Rolstone Corp. issued $200,000, 8% debenture, 5 Yr bonds, interest payment dates are Jan. 1 and July 1. The bonds sold of "100". Effective market rate = 8%
a. Sale on Jan 1
b. July 1 entry Jan 1 entry. Yr 2
c. Oct 1 entry Yr 1 - End of Fiscal Year July entry. Yr 2
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Authors: Dansby
5th Edition
0763834955, 978-0763834951
