Question
Need help with this question, can't get it...thanks! Question 9: Frick Corporation issued $100,000 of 7%, 15-year bonds on June 1, 2014 (dated April 1
Need help with this question, can't get it...thanks!
Question 9:
Frick Corporation issued $100,000 of 7%, 15-year bonds on June 1, 2014 (dated April 1 2014) at 101 plus accrued interest, which is paid on April 1 and October 1. The proper entry to record issuance of the bonds includes a debit to Cash for:
a. $100,000.
b. $101,000.
c. $101,167.
d. $102,167.
e. None of these.
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Advanced Accounting
Authors: Debra JeterJames Reeve, Jonathan Duchac, Horace Brock, Paul Chaney
4th Edition
0470506989, 978-0470506981
