Question
Alpha Company purchases a $1,000, 5 years, 6% bond on July 1, 2015 for $960. Interest is paid annually on June 30. The straight line
Alpha Company purchases a $1,000, 5 years, 6% bond on July 1, 2015 for $960. Interest is paid annually on June 30. The straight line method of amortization is used for both premiums & discounts. Use this information to prepare Alpha Company's General Journal entry (without explanation) for the June 30,2016. If no entry is required then write "no entry required."
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Horngrens Accounting Volume 1
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood
11th Canadian Edition
0135359708, 9780135359709
