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On January 1, 2021, Gibson Company issues $5,000,000 of 10 year bonds at an issuance price of 98. The bonds pay interest on June 30
On January 1, 2021, Gibson Company issues $5,000,000 of 10 year bonds at an issuance price of 98. The bonds pay interest on June 30 and December 31. The stated interest rate in 9%.
Make the journal entries for:
January 1, 2021
June 30, 2021
December 31, 2021
June 30, 2022
December 31, 2022
December 31, 2030 when the bonds mature.
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Financial Accounting An International Introduction
Authors: David Alexander
2nd Edition
9780273685203
