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pls help ASAP On January 31,2020 , Courtenay Sports Cars issued 9 -year, 7% bonds with a face value of $170,000. The bonds were issued
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On January 31,2020 , Courtenay Sports Cars issued 9 -year, 7% bonds with a face value of $170,000. The bonds were issued at and pay interest on January 31 and July 31 . Courtenay amortizes bonds by the straight-line method. Requirement Record (a) issuance of the bonds on January 31 , (b) the semi-annual interest payment and discount amortization on July 31 , and the interest accrual and discount amortization on December 31. a. Record the issuance of the bonds on January 31 . (Record debits first, then credits. Explanations are not required.) b. Record the semi-annual interest payment and discount amortization on July 31 . Round your answers to the nearest whole number.) On January 31,2020 , Courtenay Sports Cars issued 9 -year, 7% bonds with a face value of $170,000. The bonds were issued at and pay interest on January 31 and July 31 . Courtenay amortizes bonds by the straight-line method. Requirement Record (a) issuance of the bonds on January 31 , (b) the semi-annual interest payment and discount amortization on July 31 , and the interest accrual and discount amortization on December 31. a. Record the issuance of the bonds on January 31 . (Record debits first, then credits. Explanations are not required.) b. Record the semi-annual interest payment and discount amortization on July 31 . Round your answers to the nearest whole number.) Step by Step Solution
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