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On September 30 2017, Quest work Construction Company issued USD 120,000 face value of 12 per cent, 10-year bonds dated Ist January 2017, at
On September 30 2017, Quest work Construction Company issued USD 120,000 face value of 12 per cent, 10-year bonds dated Ist January 2017, at USD 100,000 plus accrued interest. Interest is paid semi- annually on June 30th and December 31. Quest works accounting year ends on December 31. The issue cost for the bond was USD 10,000 and the first interest was paid on 30 June 2018.(show all the journal entries for 2017,2018 and 2026 in Quest work account). Ignore the amortisation of interest.
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Date Sept 302017 Journal Entries Cash Discount on bond...
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
