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R & R Collectibles issued the following bonds: Date of issue and sale: April 1, 20-1 $580,000 Principal amount: Sale price of bonds: Denomination
R & R Collectibles issued the following bonds: Date of issue and sale: April 1, 20-1 $580,000 Principal amount: Sale price of bonds: Denomination of bonds: Life of bonds: Stated rate: 100 $1,000 10 years 8%, payable semiannually on September 30 and March 31 1. Prepare Journal entries for: a. Issuance of the bonds. b. Interest payment on the bonds on September 30. c. Year-end adjustment on the bonds. If an amount box does not require an entry, leave it blank. DATE 1 a. 20-1 Apr. 1 2 3 4 b. Sept. 30 5 6 7 c. Dec. 31 8 9 ACCOUNT TITLE DOC. POST. NO. REF. Page: DEBIT CREDIT 00 00 00 1 2 00 Nau AWN 3 4 5 6 7 G
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well provide the necessary journal entries for the issuance of the bonds the interest paym...Get Instant Access to Expert-Tailored Solutions
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