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Journal Entry #4 says Record the first interest payment on June 30th,2018 Pizza Pier issues 7%, 10-year bonds with a face amount of $80,000 for
Journal Entry #4 says Record the first interest payment on June 30th,2018
Pizza Pier issues 7%, 10-year bonds with a face amount of $80,000 for $74,564 on January 1 2018. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid semiannually on June 30 and December 31 1. & 2. Record the bond issue and first interest payment on June 30, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet Record the bond issue Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2018 Record entry Clear entry View general journalStep by Step Solution
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