Question
Blanding Company issues $1,000,000 of 8%, 10-year bonds at 98 on February 28, 2014. The bonds pay interest on February 28 and August 31. Assume
Blanding Company issues $1,000,000 of 8%, 10-year bonds at 98 on February 28, 2014. The bonds pay interest on February 28 and August 31. Assume that Blanding uses the straight-line method for amortization.
Provide the journal entry to record the first interest payment on August 31, 2014
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Trade Based Money Laundering
Authors: John A. Cassara
1st Edition
1119078954, 9781119078951
