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last entry please. i am not getting an option of accrued interest Omni Film Corporation had a $1,250,000,7% bond available for issue on April 1.
last entry please. i am not getting an option of accrued interest
Omni Film Corporation had a $1,250,000,7% bond available for issue on April 1. Interest is to be paid on the last day of each month On April 14 and 25 bonds with a face value of $890,000 and $360,000, respectively, were issued at par Record the entries for April 14,25 and 30 (Do not round Intermediate calculations. Round the final answers to the nearest whole dollor Assume 365 days a yeon View transaction list View journal entry worksheet NO Date General Journal Debit Credit 1 April 14 890 000 Cash Bonds payable 890,000 2 April 25 Cash 360 000 Bonds payable 360 000 3 April 30 Bond Interest expense 3 316 3316Step by Step Solution
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