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Santana Corporation has 400,000 ordinary shares outstanding throughout 2019. In addition, the corporation has 100,000, 10-year, 7% bonds issued at par on 30 September 2019,
Santana Corporation has 400,000 ordinary shares outstanding throughout 2019. In addition, the corporation has 100,000, 10-year, 7% bonds issued at par on 30 September 2019, call for semi-annual interest payments on 31 March and 30 September. Santana made the required interest and principal payments when due.
Required: 1. Record the journal entries of a. 30 September 2019. b. 31 December 2019 c. 31 March 2020. d. 30 September 2029.
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