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Already got Jan 1st, just need help woth the other 2 Wookie Company issues 10%, five-year bonds, on January 1 of this yeat, with a
Already got Jan 1st, just need help woth the other 2
Wookie Company issues 10%, five-year bonds, on January 1 of this yeat, with a par value of $200,000 and semiannual interest payments. Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1. (b) The first interest payment on June 30. (c) The second interest payment on December 31. Journal entry worksheet Record the first interest payment on June 30. Nuce: tnter debits before credits. Wookie Company issues 10%, five-year bonds, on January 1 of this year, with a par value of $200,000 and semiannuaf interest payments. Use the above straight-line bond amortization table and prepare journal entries for the following: (a) The issuance of bonds on January 1. (b) The first interest payment on June 30. (c) The second interest payment on December 31. Journal entry worksheet Record the second interest payment on December 31 Step by Step Solution
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