(Answered) Ayayai corp issuednbsp1000 5nbsp5-year 1000nbspbonds dated

Management Studies

Ayayai Corp. issued 1,000 5%, 5-year, $1,000 bonds dated January 1, 2017, at face value. Interest is paid each January 1.

(a) Prepare the journal entry to record the sale of these bonds on January 1, 2017. assist with the following journal entries:

(b) Prepare the adjusting journal entry on December 31, 2017, to record interest expense.

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Business Management, Management Studies

Category:- Business Management
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