Question
Trog Industries pays and records the semiannual interest on its $860,000, 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 $860,000, 10-year, 6% bonds outstanding on July 1, 20X1. On the same date, amortization of the premium of $8,600 received on $172,000 of those bonds is recorded. Prepare the journal entries recorded by Trog Industries.
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Business Accounting Uk Gaap Volume 2
Authors: Alan Sangster, Frank Wood
1st Edition
0273718800, 9780273718802
