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issued a bond of 500,000 of 10.5% bonds dated 7/1/18 and due 7/1/28. Interest is payable ANNUALLY on the 7/1.Market rate for the bonds was
issued a bond of 500,000 of 10.5% bonds dated 7/1/18 and due 7/1/28. Interest is payable ANNUALLY on the 7/1.Market rate for the bonds was 9.75%.on 6/1/22 The bonds were retired for 510,000 plus accrued interest. Prepare all necessary journal entries from 2018-2022 with the fiscal year end being 12/21.
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