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On the first day of the fiscal year, a company issues an $346,000, 8%, 5-year bond that pays semiannual interest of $13,840 ($346,000 x 8%
On the first day of the fiscal year, a company issues an $346,000, 8%, 5-year bond that pays semiannual interest of $13,840 ($346,000 x 8% x 1/2), receiving cash of $325,200. Journalize the entry to record the first interest payment and the amortization of the related bond discount/premium using the straight-line method. If an amount box does not require an entry, leave it blank or enter "0".
cash ( , 0 )
Discount on bonds payable ( , 0 )
Bonds payable ( 0 , )
I need the three number filled in, the zeros dont need intries. Thank you
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