Question
Bond examples to do: 1. Goodie Vacation Inc issued $ 100,000 face value bonds, 7%, 12 year for 95. Record for the issuer and investor.
| Bond examples to do: |
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| 1. Goodie Vacation Inc issued $ 100,000 face value bonds, 7%, 12 year for 95. |
| Record for the issuer and investor. Interest is paid on January 1 and July 1. |
| Give the original entries and two interest entries. |
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| 2. Graduation Inc issued $ 200,000 face value bonds, 10%, 12 year for 92. |
| Record for the issuer and investor. Interest is paid on July 1 and Dec 31. |
| Give the original entries and two interest entries. |
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Management and Cost Accounting
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
6th edition
1292063467, 978-1292063461
