Madrid Company plans to issue 9% bonds with a par value of $5,300,000. The company...
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Madrid Company plans to issue 9% bonds with a par value of $5,300,000. The company sells $4.770,000 of the bonds at paron January 1. The remaining $530,000 sells at par on July 1. The bonds pay interest semiannually on June 30 and December 31 1. Record the entry for the first interest payment on June 30. 2. Record the entry for the July 1 cash sale of bonds. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Record the entry for the first interest payment on June 30. View transaction list Journal entry worksheet Record the entry for semiannual interest paid. Notes Enter debits before credits Debit Credit Date General Journal June 30 Pro Next Madrid Company plans to issue 9% bonds with a par value of $5,300,000. The company sells $4.770,000 of the bonds at paron January 1. The remaining $530,000 sells at par on July 1. The bonds pay interest semiannually on June 30 and December 31 1. Record the entry for the first interest payment on June 30, 2 Record the entry for the July 1 cash sale of bonds. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Record the entry for the July 1 cash sale of bonds. View transaction list Journal entry worksheet
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