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I Co man Company sold bonds th 8 face value o($997,000 for $731 9 0 The bonds have aupon rale o 4 percent maure in
I Co man Company sold bonds th 8 face value o($997,000 for $731 9 0 The bonds have aupon rale o 4 percent maure in 6 year, and pay rieresi semiannually every June 30 and December 31 All a e bonds were so d an January 1 o this yaar Using a discount account, rccrd th! sal o he bands an January and the payment o moras on Junn 30 this year. Coffman uses tne efin t e n rest amortizatian mat od. Assume an annual marke rate afin o es o 10 praent. raquired tor a transaction/event, select "No Journal entry requlred" In the first account field. Round final answers to whole dollar amounts) If no entry Vlew transaction list View journal entry worksheat No Date General January 01 Cash 31,900 Disccur: on boncs pay Jure 3 Interest experise Disccurt on bands payatia
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