The bryan company issued 500000 of 10 face value bonds on, Ask an Expert

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The Bryan Company issued $500,000 of 10% face value bonds on January 1, 2007 for $486,000. The bonds are due December 31, 2009, and pay interest semiannually on June 30 and December 31. The company uses the straight-line ammortization method.

Prepare the journal entrie to record the issuance of the bonds and the first two interest payments.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9796958

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