Question
QS 15-6 Debt securities transactions LO P2 On January 1, 2017, Garzon purchased 9.00% bonds issued by PBS Utilities at a cost of $53,600, which
QS 15-6 Debt securities transactions LO P2
On January 1, 2017, Garzon purchased 9.00% bonds issued by PBS Utilities at a cost of $53,600, which is their par value. The bonds pay interest semiannually on July 1 and January 1. For 2017, prepare entries to record Garzon's July 1 receipt of interest and its December 31 year-end interest accrual. (Do not round your intermediate calculations.)
QS 15-6 Debt securities transactions LO P2
On January 1, 2017, Garzon purchased 9.00% bonds issued by PBS Utilities at a cost of $53,600, which is their par value. The bonds pay interest semiannually on July 1 and January 1. For 2017, prepare entries to record Garzon's July 1 receipt of interest and its December 31 year-end interest accrual. (Do not round your intermediate calculations.)
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Auditing And Assurance Services An Integrated Approach
Authors: Alvin A. Arens . Randal J. Elder . Mark S. Beasley
15th Global Edition
0273790005, 978-0273790006
