Bond Interest Payments and Amortization Instructions Chart of Accounts Instructions Bangles Corporation issued 5-year,...
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Accounting
Bond Interest Payments and Amortization
Instructions
Chart of Accounts
Instructions
Bangles Corporation issued year, bonds with a face value of $ on April for $ Interest is paid semiannually at October and April
Required:
Prepare the journal entries to record the issuance on April and the first interest payment on October Use the straightline method to amortize the discount.
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