Question
Original issued a $30,000, 5%, 10-year debenture at a price of 90 on 1 January 2021. Journalise the issue of the debenture on 1 January
Original issued a $30,000, 5%, 10-year debenture at a price of 90 on 1 January 2021.
Journalise the issue of the debenture on 1 January 2021.
Journalise the payment of half-yearly interest and amortisation of the debenture discount or premium on 1 July 2021, using the straight-line method to amortise the debenture discount or premium.
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| DATE | ACCOUNT TITLES AND EXPLANATIONS | POST. REF. | DEBIT | CREDIT | |
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Fraud Risk Assessment Building A Fraud Audit Program
Authors: Leonard W. Vona
1st Edition
047012945X, 978-0470129456
