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Hunter, Inc. issued $380,000 of 7%, 10-year bonds on January 1, 2024 at 104. Interest is payable semiannually on June 30, and Dec 31. Hunter
Hunter, Inc. issued $380,000 of 7%, 10-year bonds on January 1, 2024 at 104. Interest is payable semiannually on June 30, and Dec 31. Hunter uses the straight-line method to amortize any bond premiums or discounts. Required: Make the journal entries needed when a) the bonds are issued; b) to record the semi-annual interest payments on June 30, 2024 and December 31, 2024; (C) to record the repayment of the bond on December 31, 2033 given you have already recorded the last interest payment
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