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Blue Sox Corp. issued 12 percent, five-year bonds payable at a price of $41,980 on January 1,2018 ; the bonds have a maturity value of
Blue Sox Corp. issued 12 percent, five-year bonds payable at a price of $41,980 on January 1,2018 ; the bonds have a maturity value of $40,000. Joumalize the following transactions for Blue Sox Corp. Include an explanation for each entry. a. Issuance of the bond payable on January 1,2018 b. Payment of semiannual interest and amortization of bond premium on July 1,2018 ; use the straight-line method to amortize the premium a. Journalize the issuance of the bond payable on January 1, 2018. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) Blue Sox Corp. issued 12 percent, five-year bonds payable at a price of $41,980 on January 1,2018 ; the bonds have a maturity value of $40,000. Journalize the following transactions for Blue Sox Corp. Include an explanation for each entr a. Issuance of the bond payable on January 1,2018 b. Payment of semiannual interest and amortization of bond premium on July 1,2018 ; use the straight-line method to amortize the premium b. Journalize the payment of semiannual interest and amortization of bond premium on July 1, 2018; Use the straight-line method to amortize the premium
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