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13 On 1/1/2020, Blue Company issued 5-year, 9% bonds with a par value of $500,000 The company $450.000 in cash interest is ad verianaly your
13 On 1/1/2020, Blue Company issued 5-year, 9% bonds with a par value of $500,000 The company $450.000 in cash interest is ad verianaly your Required: (1) Prepare the journal entry to record the bonds issuance on 1/1/2020 (2) Prepare the journal entry to record the interest payment and the amortizabon of bond discount or premium on 30/6/2020 (3) Prepare the journal entry to record the repayment of bonds on 31/12/2004 CLEARLY INDICATE THE DEBITS & CREDITS Example on 1 January 2000 XYZ Company says $10,000 cash presen Answel 200 Dr Land 10.000 Cr. Cash 10.000 131 December
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