Question
On April 1, 20X6, Owen issued $100,000 of 12%, 10-year bonds. The bonds were issued at par plus accrued interest, are dated January 1, 20X6,
On April 1, 20X6, Owen issued $100,000 of 12%, 10-year bonds. The bonds were issued at par plus accrued interest, are dated January 1, 20X6, and pay interest on July and January 1. The entry to record issuance of the bonds will include:
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
