Krug Corp issued a $10,000 bond on January 1, 2020 The face rate of interest is 8 and has a maturity life of ten years The market rate of interest is 10 Interest is paid on December 31 st of each year Required Prepare the necessary general journal entries (to the nearest penny) on January 1, 2020 December 31, 2020 December 31, 2021 December 31, 2030

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Krug Corp. issued a $10,000 bond on January 1, 2020. The face rate of interest is 8% and has a maturity life of ten years.

Krug Corp. issued a $10,000 bond on January 1, 2020. The face rate of interest is 8% and has a maturity life of ten years. The market rate of interest is 10%. Interest is paid on December 31^st of each year.

Required: Prepare the necessary general journal entries (to the nearest penny) on:

January 1, 2020
December 31, 2020
December 31, 2021
December 31, 2030

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