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Third Corporation issued $490,000 of its 5 percent bonds payable on April 1, 2019. The bonds were issued at face value. Interest is payable semiannually
Third Corporation issued $490,000 of its 5 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 worksheet Record the payment of bond interest for six months. Note: Enter debits before credits. Date General Journal Debit Credit Oct 01, 2019 Record entry Clear entry View general journalStep by Step Solution
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