Question
The following section is taken from Oriole Company's balance sheet at december 31, 2021. Current liabilities, Interest payable $87,750 Long liabilities, Bonds payable, 5% due
The following section is taken from Oriole Company's balance sheet at december 31, 2021. Current liabilities, Interest payable $87,750 Long liabilities, Bonds payable, 5% due january 1, 2024 1,755,000. Bond interest ispayable annually on January 1. The bonds are callable on any interest date. Prepare the entry to record the accrual of interest on December 31,2022
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Financial Accounting
Authors: Anne Britton, Christopher Waterston
3rd Edition
027365859X, 978-0273658597
