Business, 21.08.2021 05:30 ConstanceBhoo301
A company issued $2,000,000 of 30-year, 8% callable bonds on April 1, 2011, with interest payable on April 1 and October 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions: 2011 Apr. 1Issued the bonds for cash at their face amount. Oct. 1Paid the interest on the bonds. 2013 Oct. 1Called the bond issue at 103, the rate provided in the bond indenture. (Omit entry for payment of interest.)
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A company issued $2,000,000 of 30-year, 8% callable bonds on April 1, 2011, with interest payable on...
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