Question
On june 30, Parker Company issues 11%, five- years bonds Payable with a face value of $120,000. The bonds are issued at face value and
On june 30, Parker Company issues 11%, five- years bonds Payable with a face value of $120,000. The bonds are issued at face value and pay interest on June 30 and December 31.
1- Journalize the issuance of the bonds on june 30.
2- Journalize the semiannual interest payment on December 31.
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Cost Accounting
Authors: Srivastava Lal, Jawahar Lal
5th Edition
1259026523, 978-1259026522
