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need help On June 1, 2020, Goose Co, issued a $200,000, 6% bond. The bond has a 4-year term and interest is payable semi-annually on
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On June 1, 2020, Goose Co, issued a $200,000, 6% bond. The bond has a 4-year term and interest is payable semi-annually on December 1 and June 1 each year. The company has a June 30 year-end date. Required: Prepare the journal entries for the following FOUR dates. Select your response from the drop-down menu. 1. June 1, 2020-issue of the bond DR CR DR Choose... Choose... CR Choose... XXXXXX II. June 30, 2020-year-end accrual DR CR DR Choose... XXXXXX CR Choose... Choose... III. December 1, 2020 - interest payment DR CR XXXXXX DR Interest Payable DR Choose.. Choose... CR Cash XXXXXX Required: Prepare the journal entries for the following FOUR dates. Select your respon I. June 1, 2020-issue of the bond DR CR DR Choose... Choose... CR Choose... II. June 30, 2020-year-end accrual DR CR DR Choose... XXXXXX CR Choose... . Choose... III. December 1, 2020 - interest payment DR CR XXXXXX DR Interest Payable DR Choose... CR Cash . Choose... XXXXXX IV. June 1, 2021 - interest payment DR CR DR Choose... Choose... XXXXXX CR Cash Step by Step Solution
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