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Prepare the accounting entries (daily) in the sale of Bonds and to record the payment of the interest in one year. The LEMON Company issued
Prepare the accounting entries (daily) in the sale of Bonds and to record the payment of the interest in one year.
The LEMON Company issued $800,000. Is 10%, 20-year bonds on January 1, 2022, at 104. The Interest is paid semi-annually on July 1 and January 1. LEMON uses the method of straight-line depreciation and calendar year.
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Practical Pension Scheme Accounting
Authors: Shona Harvie, Joanne Scriven, Phil Spary
2nd Edition
1526508974, 9781526508973
