(Answered) On january 1 2013 french co issued 400000 of five year 6

Accounting

On January 1, 2013, French Co. issued $400,000 of five year, 6 percent bonds at 97. Interest is payable annually on December 31. The discount is amortized using the straight line method.

Required:

Prepare the journal entries to record the bond transactions for 2013 and 2014.

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