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A $200,000.00 bond is issued at 104 on September 1, 2021. The face value of the bond is 4.00% annual interest rate and the
A $200,000.00 bond is issued at 104 on September 1, 2021. The face value of the bond is 4.00% annual interest rate and the interest will be paid every six months The calendar and fiscal years both end on December 31st. The bond will mature on August 31, 2025 What will be the general journal adjusting entry on December 31, 2022 for the issuer?
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
