Business, 23.07.2020 03:01 joelpimentel
Simko Company issued $750,000, 8-year, 6 percent bonds on January 1, 2018. The bonds were issued for $710,000. Interest is payable annually on December 31. Using straight-line amortization, prepare journal entries to record (a) the bond issuance on January 1, 2018, and (b) the payment of interest on December 31, 2018.
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Simko Company issued $750,000, 8-year, 6 percent bonds on January 1, 2018. The bonds were issued for...
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