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The board of directors of PC Plus authorized the issue of $6,000,000 of 8%, 10-year bonds payable. The semiannual interest dates are May 31
The board of directors of PC Plus authorized the issue of $6,000,000 of 8%, 10-year bonds payable. The semiannual interest dates are May 31 and November 30 The bonds are issued on May 31, 2021, at par Read the requirements Requirements Requirement 1. Journalize the t a. Issuance of half of the bonds Date 2021 31 May 1. Journalize the following transactions a. Issuance of half of the bonds on May 31, 2021 b. Payment of interest on November 30, 2021 c. Accrual of interest on December 31, 2021 d. Payment of interest on May 31, 2022 2. Report interest payable and bonds payable as they would appear on the company's balance sheet at December 31, 2021 b. Payment of interest on Noven Date 2021 Nov 30 Print Done Next
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