On Jan 1, 2016, Alpha Company issued $100,000 of 12%, 10-year bonds. The bonds were issued at par. Interest is paid on July 1 and
On Jan 1, 2016, Alpha Company issued $100,000 of 12%, 10-year bonds. The bonds were issued at par. Interest is paid on July 1 and January 1. Use this information to prepare the General Journal entry (without explanation) for the Jan 1, 2016 issue of the bonds.
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Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess
9th Edition
032418803X, 978-0324188035
