Question
The Whispering Company issued $360,000 of 11% bonds on January 1, 2017. The bonds are due January 1, 2022, with interest payable each July 1
The Whispering Company issued $360,000 of 11% bonds on January 1, 2017. The bonds are due January 1, 2022, with interest payable each July 1 and January 1. The bonds were issued at 104.
Prepare the journal entries for
(a) January 1, (b) July 1, and (c) December 31. Assume The Whispering Company records straight-line amortization semiannually.
No. Date (a) January 1, 2017 (b) July 1, 2017 (c) December 31, 2017 Account Titles and Explanation Debit Credit
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
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