Question
Bryan Company issued $780,000 of 8% face value bonds on January 1, 2016, for $763,800. The bonds are due December 31, 2018, and pay interest
Bryan Company issued $780,000 of 8% face value bonds on January 1, 2016, for $763,800. The bonds are due December 31, 2018, and pay interest semiannually on June 30 and December 31. Bryan uses the straight-line amortization method. Required: Prepare the journal entries to record the issuance of the bonds and the first two interest payments.
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Hong Kong Auditing Economic Theory And Practice
Authors: Ferdinand A Gul
2nd Edition
9629371413, 978-9629371418
