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Simko Company issued $620,000, 10-year 5 percent bonds on January 1, 2021. The bonds were issued for $590,000 interest is payable annually on December
Simko Company issued $620,000, 10-year 5 percent bonds on January 1, 2021. The bonds were issued for $590,000 interest is payable annually on December 31 Using straight line amortization, prepare journal entries to record (at the bondsuance on January 1, 2021, and (0) the payment of interest on December 31, 2021 of no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 2 Record the issuance of bonds with a face value of $620,000 for $590,000. Note: Enter debits before credits, Date: January 01, 2021 General Journal Debit Crede View al Record entry Cleat
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