Question
On Jan 1,2022, Pharoah Co issued 465,000,8%,10-year bonds at face value. interest is payable annually on Jan 1. prepare the journal entry to record the
On Jan 1,2022, Pharoah Co issued 465,000,8%,10-year bonds at face value. interest is payable annually on Jan 1.
prepare the journal entry to record the accrual of interest on Dec 31,2022
prepare the journal entry to record the payment of interest on Jan 1,2022
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
10th Canadian Edition Volume 2
1118300858, 978-1118300855
