On October 1, 2018 Bartley Corporation issued 5%, 10-year bonds with a face value of...
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Accounting
On October 1, 2018 Bartley Corporation issued 5%, 10-year bonds with a face value of $8,000 at 104. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis. Prepare journal entries for each of the following:
Issue bond on October 1, 2018
Accrue interest on December 31, 2018
Pay interest on April 1, 2019
Pay interest on October 1, 2019
Place your final response (journal entries) first; then show your work and label your numbers.
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