Journal entries to record the first tow interest payments


Braeburn issues 3,500,000 of 8%, 15 year bonds dated january 1, 2009, that pays interest seminannually on June 30th and December 31st. The bonds are issued at a price of $3,024,000 prepare the journal entries to record the first tow interest payments.

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Accounting Basics: Journal entries to record the first tow interest payments
Reference No:- TGS084608

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