Stephanie Ram Corporation have a $ "bond issue" dated February due in years with an annual interest rate of Interest is payable February and August On April the bond was sold for $ plus accrued interest.
Using the straightline method, prepare the general journal entries for each of the following:
a The issuance of the bond on April
b Payment of the semiannual interest and the amortization of the discount on August
c Accrual of the interest and the amortization of the discount on December
d Payment of the semiannual interest and the amortization of the discount on February
Credit account titles are automatically indented when the amount is entered. Do not indent manually. Do not use dollar signs $ when entering amounts. To see commaformatted numbers reflected in your final answers, you must enter your answers with commas. Round answers to decimal places, et
