On January 1, a company issued and sold a $405,000, 5%, 10-year bond payable, and received proceeds of $400,000. Interest is pay

Question

3 years ago

8

On January 1, a company issued and sold a $405,000, 5%, 10-year bond payable, and received proceeds of $400,000. Interest is pay

able each June 30 and December 31. The company uses the straight-line method to amortize the discount. The journal entry to record the first interest payment is:

Business

1 answer:

sergejj [24] · Answer 1 · 2022-04-21T11:59:10+03:00

sergejj [24]3 years ago

3 0

$69,000,000 dollars budddydydydyd