On january 1 2010 kentwood company issued bonds with a face, Ask an Expert

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On January 1, 2010, Kentwood Company issued bonds with a face value of $800,000. The bonds carry a stated interest of 7% payable each January 1 and July 1.

a. Prepare the journal entry for the issuance assuming the bonds are issued at 97.

b. Prepare the journal entry for the issuance assuming the bonds are issued at 102

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9277331

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