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Question 12 10 points Trego Company issued on December 31, 2018, 51,000,000 face value, 4%, 5-year bonds. Interest will be paid semiannually each June 30
Question 12 10 points Trego Company issued on December 31, 2018, 51,000,000 face value, 4%, 5-year bonds. Interest will be paid semiannually each June 30 and December 31. The bonds sold at a price of 102. Trego uses the straight line method of amortizing bond discount or premium The entry made by Trego Company to record isuance of the bonda payable at December 31, 2018, includes: A credit to Bond Interest Payable of $20,000 A credit to Bonds Payable of 51.020,000, A debit to Cash of $1,000,000 A credit to Premium on Bonds Payable of $20,000
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