Question
On December 31, 2002, Perez Company issued $1630000 of 10year, 4% bonds at par. The bonds pay interest on June 30 and December 31. Journalize
On December 31, 2002, Perez Company issued $1630000 of 10year, 4% bonds at par. The bonds pay interest on June 30 and December 31.
Journalize the entries required to issue the bonds on December 31, 2002, and to pay interest on June 30, 2003.
Date Description Debit Credit
Dec 31
June 30
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Advanced Financial Accounting
Authors: Thomas H. Beechy, V. Umashanker Trivedi, Kenneth E. MacAulay
7th edition
132928930, 978-0132928939
