Question
Fun Times Inc issued $500,000 of 4% bonds on January 1, 2019. The bonds are due January 1, 2029, with interest payable each July 1
Fun Times Inc issued $500,000 of 4% bonds on January 1, 2019. The bonds are due January 1, 2029,
with interest payable each July 1 and January 1. The bonds were issued at 104.
Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume Fun Times Inc
records straight-line amortization semiannually.
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Im Just A Girl Who Loves Auditing And Coffee
Authors: Michael Happiness
1st Edition
B08HT8643K, 979-8684238604
