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Capital Company issued $600,000, 10%, 20-year bonds on January 1, 2017, at 103. Interest is...

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Accounting

Capital Company issued $600,000, 10%, 20-year bonds on January 1, 2017, at 103. Interest is payable annually January 1. Capital uses the straight-line method of amortization and has a calendar year end. Prepare all journal entries made in 2017 related to the bond issue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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2014 Account Titles and Explanation Debit Credit Jan. 1 Dec. 31

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