Record the bond issue on january 1 2015 and the first two


Record the bond issue on January 1, 2015, and the first two semiannual interest payments on June 30, 2015, and December 31, 2015. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

On January 1, 2015, Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interst rate on the issue date is 10%,the bonds will issue at $457,102. Record the issuance of the bond.

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Financial Accounting: Record the bond issue on january 1 2015 and the first two
Reference No:- TGS01585602

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