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adjusting entries: G. Interest has accrued at 8% on the long-term notes payable since July 1, 2018. The next six month interest payment at 9%
adjusting entries:
G.
Interest has accrued at 8% on the long-term notes payable since July 1, 2018. The next six month interest payment at 9% on the bonds is due on March 1, 2019. The discount on bonds payable has not been amortized for any part of 2018; the bonds are dated march 1 2012 and mature march 1, 2022...
How do I journalize this??
the notes payable in my general ledger account was renewed on 12/31/17 with a balance of 15000
the bonds payable balance is 275000 and the discount of bonds payable balance is 6400
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