Question
On January 1, 2017, Bragadocious, Inc. issued 200 $1,000 five-year, 12% bonds at 95. Interest is payable semi annually on July 1 and January 1.
On January 1, 2017, Bragadocious, Inc. issued 200 $1,000 five-year, 12% bonds at 95.
Interest is payable semi annually on July 1 and January 1.
1. The entry to record the sale / issuance on 1.1.17 is:
2. The entry to record the payment of the interest on 7.1.17 is:
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Effective Auditing For Corporates Ensuring That All The Risks Are Covered
Authors: Bloomsbury, Joe Oringel
1st Edition
1849300445, 978-1849300445
