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On April 1, Daughtry Inc. issued 20 year, 6.5 percent bonds with a maturity value of 56 250,000. The band sell at 94 00 und
On April 1, Daughtry Inc. issued 20 year, 6.5 percent bonds with a maturity value of 56 250,000. The band sell at 94 00 und pay interest on September 30 and March 31. Daughtry Inc. amortizes bond discounts by the straight line method. Required Record the issuance of the bonds on April 1 (Record debitstest, then credits. Exclude explanations from the journal entry) Journal Entry Date Accounts Debit Credit Apr. 1 b. Record the payment of semi-annual interest on September 30. (Round your answers to the nearest whole dollar) Journal Entry sel On April 1, Daughtry Inc issued 20 year, 65 percent bonds with a maturity value of 56.250,000 The bonds sell at $400 and pay interest on September 30 and March 31 Daughtry Inc amortires bond discounts by the straight line method Required SE SE b. Record the payment of semi-annual interest on September 30. (Round your answers to the nearest whole dollar) Journal Entry Date Accounts Debit Credit Sep 30 c. Record the interest accrual on December 31 (Hold all decimals in Interim calculations. Round your final answers to the nearest whole dollar) Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next
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