Question
Extra Gold Corporation had a $1,290,000, 8.0% bond available for issue on September 1, 2023. Interest is to be paid quarterly beginning November 30. All
Extra Gold Corporation had a $1,290,000, 8.0% bond available for issue on September 1, 2023. Interest is to be paid quarterly beginning November 30. All of the bonds were issued at par on October 1. Prepare the appropriate entries for: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) a. October 1, 2023 (record the issuance of bonds) b. November 30, 2023 (record the payment of interest on bonds) c. December 31, 2023 (Extra Golds year-end - Record the accrued interest on bond) d. February 28, 2024 (record the payment of interest on bonds)
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