Glenda Corporation issues $1.750.000, 10-year, 12% bonds on January 1, 2014, for $1.968.000 to yield...
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Accounting
Glenda Corporation issues $1.750.000, 10-year, 12% bonds on January 1, 2014, for $1.968.000 to yield 10%. The bonds pay semiannual interest July 1 and January 1.
using 2 methods: - straight-line - effective- interest
- prepare the journal entry to record the issuance of the bonds - prepare the journal entry to record the payment of interest on July 1, 2014
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