Question
Trog Industries pays and records the semiannual interest on its $740,000, 10-year, 6% bonds outstanding on July 1, 20X1. On the same date, amortization of
Trog Industries pays and records the semiannual interest on its $740,000, 10-year, 6% bonds outstanding on July 1, 20X1. On the same date, amortization of the premium of $7,400 received on $148,000 of those bonds is recorded. Prepare the journal entries recorded by Trog Industries.
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Management And Cost Accounting
Authors: Colin Drury
5th Edition
1861525362, 978-1861525369
