3. The Niagara Company issued $200,000 of 10% bonds on January 1, 2025. The bonds...
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3. The Niagara Company issued $200,000 of 10% bonds on January 1, 2025. The bonds are due January 1, 2030, with interest payable each July I and January 1. The bonds are issued at face value. Prepare Niagara's journal entries for (a) the January issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry assuming that; 1. The bonds are issued at face value. (6 pts) 2. The bonds are issued at 103. (6 pts)
3. The Niagara Company issued $200,000 of 10% bonds on January I, 2025. The bonds are due January I, 2030, with interest payable each July I and January I. The bonds are issued at face value, Prepare Niagara's journal entries for (a) the January issuance, (b) the July I interest payment, and (c) the December 31 adjusting entry assuming that; 1. The bonds are issued at face value. (6pts) 2. The bonds are issued at 103. (6 pts)
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