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Marin Corporation issued $636,000 of 5% bonds on May 1, 2020. The bonds were dated January 1, 2020, and mature January 1
Posted: Fri Jul 01, 2022 8:21 am
by answerhappygod
- Marin Corporation Issued 636 000 Of 5 Bonds On May 1 2020 The Bonds Were Dated January 1 2020 And Mature January 1 1 (27.99 KiB) Viewed 42 times
Marin Corporation issued $636,000 of 5% bonds on May 1, 2020. The bonds were dated January 1, 2020, and mature January 1, 2023, with interest payable July 1 and January 1. The bonds were issued at face value plus accrued interest. Prepare Marin's journal entries for (a) the May 1 issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry. (if no entry is required, select "No Entry for the account titles and enter O for the amounts, Credit account titles are automotically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit