Question
The board of directors of Delta D e l t a Health Spa authorizes the issuance of $ 6 0 0 , 0 0 0
The board of directors of DeltaDelta Health Spa authorizes the issuance of$600,000 of 10%, 10-year bonds payable. The semiannual interest dates are May 31 and November 30. The bonds are issued on July31, 2010, at par plus accrued interest.
Requirements 1. Journalize the following transactions (Round your answers to the nearest whole dollar): a. Issuance of the bonds on July31, 2010 b. Payment of interest on November30, 2010 c. Accrual of interest on December31, 2010 d. Payment of interest on May31, 2011 2. Report interest payable and bonds payable as they would appear on the Delta balance sheet at December31, 2010. Requirement 1. Journalize the followingtransactions: (Round your answers to the nearest wholedollar.)
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