Question

View C-HW-XL SIM Qhistory chapter 26 x h.jsp?c 34 QUESTION 4 dated F 1, 2018, with a face amount of $200,000. The bonds sold for $182,841 and mature in 20 years. The effective interest rate for these bonds was 10%. Interest is paid semiannually on July 31 and January 31, Fox’s fiscal year is the calendar year. Fax uses the straight-line method of amortization Prepare the journal entry to record the bond issuance on February 1, 2018. 2. Prepare the entry to 3. interest on July 31,2018. er 31, 2018 the the necessary journal entry on January 31, 2019 QUESTIONS

 



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