Question
On j=January 1, Kara Company issued 10-year $105,000 bonds with a stated rate of 8% for $112670. The bonds pay interest semiannually on June 30
On j=January 1, Kara Company issued 10-year $105,000 bonds with a stated rate of 8% for $112670. The bonds pay interest semiannually on June 30 and December 21. The effective rate for the bonds was 7%. The journal entry on December 31 contains:
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Accounting Essentials For Hospitality Managers
Authors: Chris Guilding
3rd Edition
0415841097, 978-0415841092
