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plz help fast Finch Co. issued a bond with a face value of $200,000 and an annuat interest rate of 6w on june 1,2022 .
plz help fast
Finch Co. issued a bond with a face value of $200,000 and an annuat interest rate of 6w on june 1,2022 . The bond has a term of A years, and interest payments are due semlannually on December 1 and June 1 of each year Finch Co:s fiscal year and date is on june 30. Required: Prepare the journal entries for the following dates [2 marks each date]: 1. June 1, 2022- issue of the bond I1. June 30, 2022 - year-end accrual III. December 1, 2022 - interest payment IV. June 1, 2023 - interest payment Step by Step Solution
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