Question
blem 2. (8 pts) On January 1, 2021, Gasol Company issued $150,000 of 12% ten-year bonds. Inter to payable semiannually on June 30 and
blem 2. (8 pts) On January 1, 2021, Gasol Company issued $150,000 of 12% ten-year bonds. Inter to payable semiannually on June 30 and December 31. The bonds were sold for $159,000 priced to yield 10%. Gasol records interest at the effective rate. Prepare the journal entries to record the interest on June 30 and December 31, 2021 Date June 30 December 31 Account Dr Cr
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International Accounting
Authors: Timothy Doupnik, Hector Perera
3rd Edition
978-0078110955, 0078110955
