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subject: intermediate accounting act420 I need answers for all it's not essay question please A company issues 20,000,000, 7.8%, 20-year bonds to yield 8% on
subject: intermediate accounting act420
I need answers for all it's not essay question please
A company issues 20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2022. Interest is paid on June 30 and January 1 The proceeds from the bonds are 19,604,145. Required: (Don not approximate the number and do not use a comma) 1- Prepare the journal entry to record the issuance of a bond on January 1, 2022. Debit Credit 2. Prepare the journal entry to record the interest payment on June 30, 2022. Debit Credit . 3. Prepare the Journal entry to record the accrual of anterest on December 31, 2022. Credit Debit +Step by Step Solution
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