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On January 1 , 2 0 1 7 , British Software Ltd . issued $ 4 5 2 , 0 0 0 of 2 0
On January British Software Ltd issued $ of year, bonds that pay interest semiannually on June and December The bonds were sold to investors at their par value.
a How much interest will British pay to the holders of these bonds every six months? Round the final answer to the nearest whole dollar.
Amount of interes
b Prepare the journal entries that British would make to record: the issuance of the bonds on January ; the first interest payment on June ; and the second interest payment on December Do not round intermediate calculations. Round the final answers to the nearest whole dollar.
Journal entry worksheet
Record the sale of bonds at par.
Record the sale of bonds at par
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditJanuary
Clear entry
b Prepare the journal entries that British would make to record: the issuance of the bonds on January ; the first interest payment on June ; and the second interest payment on December Do not round intermediate calculations. Round the final answers to the nearest whole dollar.
Journal entry worksheet
Record the payment of semiannual interest on bonds.
Note: Enter debits before credits.
tableDateGeneral Journal,Dobit,CreditJune
b Prepare the journal entries that British would make to record: the issuance of the bonds on January ; the first interest payment on June ; and the second interest payment on December Do not round intermediate calculations. Round the final answers to the nearest whole dollar.
Journal entry worksheet
table
Record the payment of semiannual interest on bonds.
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditDecember
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