Question
On January 1 2014, Senior Company has sold OMR 400,000 10 year, 5% bonds at $98. Interest is payable semi-annually on June 30th and December
On January 1 2014, Senior Company has sold OMR 400,000 10 year, 5% bonds at $98. Interest is payable semi-annually on June 30th and December 31st every year till the bonds maturity. Which journal entry will be passed for amortization of discount on December 31st 2014?
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Accounting For Inventory
Authors: Steven M. Bragg
4th Edition
1642210714, 9781642210712
