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On June 1, 2020, Goose Co, issued a $200.000,6% bond. The bond has a 4 year term and interest is payable semiannually on December 1
On June 1, 2020, Goose Co, issued a $200.000,6% bond. The bond has a 4 year term and interest is payable semiannually on December 1 and June 1 of each year. The company has a June 30 year-end date. Required: Prepare the journal entries for the following dates [2 marks each date): I. June 1, 2020-issue of the bond II. June 30, 2020-year-end accrual December 1, 2020 - interest payment Ill
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