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Entries for Issuing Bonds estructions Chart of Accounts Journal Instructions Abloye Co produces and distributes semiconductors for use by computer manufacturers Abloye Co issued $240,000
Entries for Issuing Bonds estructions Chart of Accounts Journal Instructions Abloye Co produces and distributes semiconductors for use by computer manufacturers Abloye Co issued $240,000 of 10 year, 9% bonds on May 1 of the current year at face value, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Required: Journalize the entries to record the following selected transactions for the current year. Refer to the chart of accounts for the exact wording of the account titles. CNOW Jumals do not use lines for journal explanations Every ine on a journal page is used for debitor credit entries. CNOW Journals will automatically indent a credit entry when a credit amount is entered May 1 Issued the bonds for cash at their face amount Nov 1 Paid the interest on the bonds Dec 31 Recorded accrued interest for two months
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