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Moving to another question will save this response. (8 Grades) On 1/1/2020, Blue Company issued 5-year, 9% bonds with a
Posted: Sun Jun 05, 2022 6:44 pm
by answerhappygod
- Moving To Another Question Will Save This Response 8 Grades On 1 1 2020 Blue Company Issued 5 Year 9 Bonds With A 1 (30.77 KiB) Viewed 40 times
Moving to another
question will save this response. (8 Grades) On 1/1/2020, Blue
Company issued 5-year, 9% bonds with a Required: (1) Prepare the journal entry to record the bonds' issuance on 1/1/2020. (2) Prepare the journal entry to record the interest payment and the amortization bond discount or premium on 30/6/2020. (3) Prepare the journal entry to record the repayment of bonds on 31/12/2024.
Question 1 value of $500,000. The
company received $450,000 in cash Interest is paid semiannually on 30 June and 31 December every year