Question
Korean Corporation issued $2 million, 10-year, 6% bonds on January 1, 2015. Interest is payable semi-annually on July and January 1st Prepare the entry to
Korean Corporation issued $2 million, 10-year, 6% bonds on January 1, 2015. Interest is payable semi-annually on July and January 1st
Prepare the entry to record the sale of these bonds, assuming they were issued at the below prices.
Record the first semi-annual interest payment on July 1.
a. Issued at 98.
| Date | Account Titles | Ref. | Debit | Credit |
Issued at 103
| Date | Account Titles | Ref. | Debit | Credit |
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Financial Accounting And Reporting QandA 2020
Authors: ACA Simplified
1st Edition
1661682820, 978-1661682828
