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On January 1,2020 , Hamngton. Corporation sold $106,000 of 15year,11% bonds. The bonds sold for $102,000 and pay interest semiannually on June 30 and Derember
On January 1,2020 , Hamngton. Corporation sold $106,000 of 15year,11% bonds. The bonds sold for $102,000 and pay interest semiannually on June 30 and Derember 31. Requireds 1. Prepare the joumal entry to record the sale of the bonds. 2. Colculate the amount of the cash semiannual interest payment, found your answer to the nearest whole dollar, if required. 2020 4. Calculate the arnual interest expense for 2020, Round your answer to the nearest whole dollar, if requifed
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