Business, 07.12.2019 04:31, jordandabrat
Schlitterbahn waterslide company issued 42,000, 10-year, 5 percent, $100 bonds on january 1 at face value. interest is payable each december 31. (a) the issuance of these bonds on january 1. (b) the first interest payment on december 31.
prepare the journal entries related for the above transactions. (if no entry is required for a transaction/event select "no journal entry required" in the first account field.)
1) schlitterbahn waterslide company issued 42,000, 10-year, 5 percent, $100 bonds on january 1 at face value. interest is payable each december 31. record the issuance of 42,000 bonds at face value for $100 each.
2)schlitterbahn waterslide company issued 42,000, 10-year, 5 percent, $100 bonds on january 1 at face value. interest is payable each december 31. record the interest payment on december 31, 2013.
Answers: 1
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