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Recording Journal Entries for At-Par Bonds On October 1, 2020, New Co. issued an eight-year, 6%, $1,000 bond at face value, with cash interest
Recording Journal Entries for At-Par Bonds On October 1, 2020, New Co. issued an eight-year, 6%, $1,000 bond at face value, with cash interest payable semiannually on April 1 and October 1. Provide journal entries to be made by New Co, at each of the following dates. a. October 1, 2020-Issuance. b. December 31, 2020-Interest expense adjusting entry. c. April 1, 2021-Interest payment. Note: List multiple debits or credits (when applicable) in alphabetical order. Note: Round your answers to the nearest whole dollar. Date a. Oct. 1, 2020 b. Dec 31, 2020 April 1, 2021 Check Account Name Previous Save Answers Q 2 M #3 200 $ 94 LLI E Dr. Cr. 0 0 0 0 0 = 0 0 0 0 = 0 0 0 0 0 0 25 T MacBook Frie 66 R T Y Next & 7
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