Question
On January 1, the first day of the fiscal year, a company issues a $750,000, 10%, 10-year bond that pays semiannual interest of $37,500 ($750,000
On January 1, the first day of the fiscal year, a company issues a $750,000, 10%, 10-year bond that pays semiannual interest of $37,500 ($750,000 10% year), receiving cash of $750,000.
(a) Journalize the entry to record the issuance of the bonds.
| Cash | fill in the blank faa44c041042003_2 | ||
| Bonds Payable | fill in the blank faa44c041042003_4 |
(b) Journalize the entry to record the first interest payment on June 30.
| fill in the blank 4860a607000a057_2 | |||
| Cash | fill in the blank 4860a607000a057_4 |
(c) Journalize the entry to record the payment of the principal on the maturity date.
| Bonds Payable | fill in the blank b0005cfeb002f8d_2 | ||
| Cash | fill in the blank b0005cfeb002f8d_4 |
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Linear Algebra And Its Applications
Authors: David Lay, Steven Lay, Judi McDonald
6th Global Edition
9781292351216
