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On January 1 2021. Friendly Corporation issued $600,000,4%5-year bonds at 103. Interest is payable semiannually on July 1 and January 1. The entry to record
On January 1 2021. Friendly Corporation issued $600,000,4%5-year bonds at 103. Interest is payable semiannually on July 1 and January 1. The entry to record the of the bonds would include a credit to Cash for $618.000 Discount on Bonds Payable for $18.000. Bonds Payable for 5618,000 Bands Payable for $600,000. On January 1, 2021. Aloha Corporation issued $400,000,3%, 5-year bonds at 97 (a discount of $12,000). Interest is payable semiannually on July 1 and January 1 For the fire interest payment on July 1, the amount of interest expense recorded will be don't forget to include the amortization of the discount) $12000 $6.000 OOOO $7.200 $1.200
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