On January 1: issued $10,000 of 6%, 5-year bonds at 102. Straight-line amortization method is used. IntereIt is payable semi-annual on July 1 and Jan…
Please help with bond transactions below a. 3 journal entries for the issuance of the 3 bonds on Jan 1 and July 1 b. Journal entry for the payment of interest on July 1 for the bonds issued on Jan 1, assuming no prior accrual ( show amortization of the premium) c. Journal entries for the accrual of interests on December 31 for all 3 […]
