Question
any, Prepare the necessary entries, if the following events associated with Holden Company. for January 1 Issued $500,000, 5-year, 10% interest bonds at face
any, Prepare the necessary entries, if the following events associated with Holden Company. for January 1 Issued $500,000, 5-year, 10% interest bonds at face value. Assume interest is payable semi- annually on July I and January 1 March I Borrowed $60,000 from New National Bank by Signing a 180-day, 8% interest bearing note March 5 Sold 450 units of a new product for cash at $75 per unit, plus a 7% sales tax.. Ignore Cost of goods sold.. April 13 Sold 800 one-year (issues) subscriptions for $14 ( issues) magazine per subscription. May 10 Delivered the May issue of the magazine July 1 subscription 21 Paid interest on the bonds issued on January 1 Satz Namune to saade 0:00 H The note payable of March I has matured and Holden Company has remitted payment in full. (Providing the correct date will result in bonus points)
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