Knapp company plans to issue 6 bonds on january 1 2009 with, Ask an Expert

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Knapp Company plans to issue 6% bonds on January 1, 2009, with a par value of $2,000,000. The company sells $1,800,000 of the bonds on January 1, 2009. The remaining $200,000 sells at par on March 1, 2009. The bonds pay interest semiannually as of June 30 and December 31. Record the entry for the March 1 cash sale of bonds.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M983153

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