Question
On June 30, 2011, Arlington Company issued $1,500,000 of 10-year, 8% bonds, dated June 30, for $1,540,000. Present entries to record the following transactions: Arlington
On June 30, 2011, Arlington Company issued $1,500,000 of 10-year, 8% bonds, dated June 30, for $1,540,000. Present entries to record the following transactions:
| Arlington Company | |
| (1) | Issuance of bonds. |
| (2) | Payment of first semiannual interest on December 31, 2011. |
| (3) | Amortization by straight-line method of bond premium on December 31, 2011. |
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Auditing For Dummies
Authors: Maire Loughran
1st Edition
0470530715, 978-0470530719
