Business, 20.11.2019 02:31, nemalipurim

Simko company issued $700,000, 10-year, 4 percent bonds on january 1, 2018. the bonds were issued for $630,000. 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 $700,000, 10-year, 4 percent bonds on january 1, 2018. the bonds were issued fo...