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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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