Question
On January 1, 2019 a company issues a $4,500,000, 8%, 15-year bond that pays semi-annual interest of $180,000, receiving cash of $4,500,000. What journal entry
On January 1, 2019 a company issues a $4,500,000, 8%, 15-year bond that pays semi-annual interest of $180,000, receiving cash of $4,500,000. What journal entry should company record for (a) issuance of bonds, (b) the first interest payment on June 30, and (c) the payment of the principal on the maturity date.
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Management Accounting Principles And Applications
Authors: Hugh Coombs, D Ellis Jenkins, David Hobbs
1st Edition
1412908434, 978-1412908436
