On January Swifty Corp. issued fiveyear bonds with a face value of $ and a coupon interest rate of with interest payable semiannually. Assume that the company has a December year end and records adjusting entries annually.
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a
Record the journal entries relating to the bonds on January July and December assuming that when the bonds were sold, the market interest rate was Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the question statement. If no entry is required, select No Entry" for the account titles and enter for the amounts, List all debit entries before credit entries. Round answers to decimal places, eg
tableDateAccount Titles,Debit,CreditJanCash,Bonds Payable,,July Interest Expense,,
