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On January 1, 2016, Technicians Credits Union (TCU) issued 7%, 20 - year bonds payable with face value of exist100,000. The bonds pay interest on
On January 1, 2016, Technicians Credits Union (TCU) issued 7%, 20 - year bonds payable with face value of exist100,000. The bonds pay interest on June 30 and December 31. The issue price of the bonds is 108. Journalize the following bond transactions: a. Issuance of the bonds on January 1, 2016. b. Payment of interest and amortization on June 30, 2016 c. Payment of interest and amortization on December 31, 2016 On January 1, 2016. Technicians Credit Union (TCU) issued 10% 10 - year bonds payable with face value of exist100,000. The bonds pay interest on June 30 and December 31. The issue price of the bonds is 95. Journalize the (blowing bond transactions: d. Issuance of the bonds on January 1, 2016. e. Payment of interest and amortization on June 30, 2016 f. Payment of interest and amortization on December 31, 2016
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