Question
Ritter Company issues $800,000 of 10%, 10-year bonds on January 1, 2011, at 102. Interest is payable semiannually on July 1 and January 1. The
Ritter Company issues $800,000 of 10%, 10-year bonds on January 1, 2011, at 102. Interest is payable semiannually on July 1 and January 1. The company uses the straight-line method of amortization.
Instructions Journalize the entries for the bonds on (1) January 1, 2011, (2) July 1, 2011, and (3) December 31, 2011.
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Company Accounting
Authors: Ken Leo, Jeffrey Knapp, Susan Mcgowan, John Sweeting, Leah Meng
12th Edition
0730382672, 9780730382676
