2.Goodwin, Inc issued $2,000,000 of 5%, 20-year bonds. The bonds were issued at par value on January

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2.Goodwin, Inc issued $2,000,000 of 5%, 20-year bonds. The bonds were issued at par value on January 1. Interest is payable each June 30 and December 31.

(a) Prepare the general journal entry to record the issuance of the bonds on January 1. (2 points)

DateAccount Name Debit Credit

(b) Prepare the general journal entry to record the first interest payment on June 30.(2 points)

DateAccount Name Debit Credit

Posted Date: Jun 19, 2024 05:26 PM

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2.Goodwin, Inc issued $2,000,000 of 5%, 20-year bonds. The bonds were issued at par value on January

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