Question
On June? 30, Prince Company issues 12 %?, five?-year bonds payable with at face value of $ 140 comma 000. The bonds are issued at
On June? 30, Prince Company issues 12 %?, five?-year bonds payable with at face value of $ 140 comma 000. The bonds are issued at face value and pay interest on June 30 and December 31. Requirements 1. Journalize the issuance of the bonds on June 30. 2. Journalize the semiannual interest payment on December 31. Requirement 1. Journalize the issuance of the bonds on June 30. ?(Record debits? first, then credits. Select explanations on the last line of the journal? entry.) Date Accounts and Explanation Debit Credit Jun. 30 Requirement 2. Journalize the semiannual interest payment on December 31. ?(Record debits? first, then credits. Select explanations on the last line of the journal? entry.) Date Accounts and Explanation Debit Credit Dec. 31
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