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Posted: **Mon Apr 25, 2022 7:34 am**

: 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 (37.57 KiB) Viewed 66 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 (20.94 KiB) Viewed 66 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 4 2- Prepare the journal entry to record the interest payment on June 30, 2022 Debit € Credit + . .

3- Prepare the Journal entry to record the accrual of interest on December 31, 2022. Credit Debit € € € .