Question 20-(8 Marks)-(15 Minutes) On September 1,2024, Bear Corporation issued $1,000,000,6%,10-year bonds. Interest...
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Accounting
Question Marks Minutes
On September Bear Corporation issued $year bonds. Interest is payable annually with the first payment due on September
Instructions
a Provide the appropriate journal entry on September to record the issuance of the bonds if the market rate of interest is Round your answer to the nearest dollar.
b Assuming Bear has a December year end, prepare the yearend adjusting entry related to the bonds. Round your answer to the nearest dollar.
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