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A company I aim to get at least go out of 100 for this exam (further in a teat as Compaty) Issued $45 million of
A company "I aim to get at least go out of 100 for this exam" (further in a teat as Compaty) Issued $45
million of 3o-year, 7 percent bonds on April 1, 2015. at 105. Interest is due on May 34 and November 30 each
year Companys fiscal year ends on Seprember 31.
Prepare the following journal entries:
A. All journals required to be recorded in 2015 related to this bond.
May 31, 2016, to pay interest and to amortize the bond premium.
April 1 (2045 or 2015) to pay interest. amortize the bond premium, and retite the bonds at rostunty.
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