Graphic World is authorised to issue (1,800,000) in bonds on June 1. The bonds carry a face
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Graphic World is authorised to issue \(1,800,000\) in bonds on June 1. The bonds carry a face interest rate of 9 per cent, which is to be paid on June 1 and December 1 .
Prepare journal entries for the issue of the bonds by Graphic World under the assumptions that
(a) the bonds are issued on September 1 at 100 and
(b) the bonds are issued on June 1 at 105 .
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Related Book For
Financial Accounting A Global Approach
ISBN: 9780395839867
1st Edition
Authors: Sidney J. Gray, Belverd E. Needles
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