A Company Issues 20 000 000 7 8 20 Year Bonds To Yield 8 On January 1 2022 Interest Is Paid On June 30 And Januar 1 (33.01 KiB) Viewed 31 times
A Company Issues 20 000 000 7 8 20 Year Bonds To Yield 8 On January 1 2022 Interest Is Paid On June 30 And Januar 2 (20.24 KiB) Viewed 31 times
A company issues €20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2022. Interest is paid on June 30 and January 1. The proceeds from the bonds are €19,604,145 Required: (Don not approximate the number and do not use a comma) 1- Prepare the journal entry to record the issuance of a bond on January 1, 2022. Debit Credit € 2- Prepare the journal entry to record the interest payment on June 30, 2022. Debit Credit . 4)
3- Prepare the Journal entry to record the accrual of interest on December 31, 2022. Credit Debit € . € € .
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