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E-F:14-22 Journalizing bond issuance and interest payments On June 30, Parker Company issues 11%, five-year bonds payable with a face value of $120,000. The bonds
E-F:14-22 Journalizing bond issuance and interest payments On June 30, Parker Company issues 11%, five-year bonds payable with a face value of $120,000. The bonds are issued at face value and pay interest on June 30 and December 31. Requirements 1. Journalize the issuance of the bonds on June 30. 2. Journalize the semiannual interest payment on December 3
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