Question
Kemper Company plans to issue 6% bonds on January 1, 2011, with a par value of $1,000,000. The company sells $900,000 of the bonds on
| Kemper Company plans to issue 6% bonds on January 1, 2011, with a par value of $1,000,000. The company sells $900,000 of the bonds on January 1, 2011. The remaining $100,000 sells at par on March 1, 2011. The bonds pay interest semiannually as of June 30 and December 31. |
| Record the entry for the March 1 cash sale of bonds |
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Standards On Auditing For Ca Students
Authors: Anshul Mittal
1st Edition
8182964962, 978-8182964969
