Question
On January 1, 2016, Bubba, Corp. issued 800 $1,000 five-year, 8% bonds at 100. Interest is payable annually on December 31 . 1. The entry
On January 1, 2016, Bubba, Corp. issued 800 $1,000 five-year, 8% bonds at 100.
Interest is payable annually on December 31.
1. The entry to record the sale / issuance on 1.1.16 is:
2. The entry to record the payment of the interest on 12.31.16 is:
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Financial Statement Fraud Strategies For Detection And Investigation
Authors: Gerard M. Zack
1st Edition
1118301552, 9781118301555
