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On January 31, 2018, Pristar Logics, Ino, issued ben year, 10% bonds payable with a face value of $5,000,000. The bonds were issued and pay
On January 31, 2018, Pristar Logics, Ino, issued ben year, 10% bonds payable with a face value of $5,000,000. The bonds were issued and pay interest on January 31 and July 31. Pristar Logistics amortizes bond discounts using the Record the issuance of the bond payable on January 31, 2018. (Recorders for the credits Exclude explanations from any journal entries) Journal Entry Date | Accounts Debit Credit Jan 31 Discount on Bonds Payable Bonds Payable b. Record the payment of manual interest and amortization of bond discount on July 31, 2018 Journal Entry Date Accounts Deba Credit July 31
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