Question
Third Corporation issued $410,000 of its 7 percent bonds payable on April 1, 2019. The bonds were issued at face value. Interest is payable semiannually
Third Corporation issued $410,000 of its 7 percent bonds payable on April 1, 2019. The bonds were issued at face value. Interest is payable semiannually on October 1 and April 1. Prepare the entry in general journal form to record the interest payment on October 1, 2019.
Journal Entry, October 1st: Record the payment of bond interest for six months.
Note: Enter debits before credits.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
