Darcio Corporation issued 6 percent, 20-year bonds payable with a maturity value of $850,000 on...
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Accounting
Darcio Corporation issued 6 percent, 20-year bonds payable with a maturity value of $850,000 on March 31. The bonds were issued at par and pay interest on March 31 and September 30. Record (a) issuance of the bonds on March 31, (b) payment of interest on September 30, and (c) accrual of interest on December 31. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Record the issuance of the bonds on March 31. Journal Entry Accounts Debit Credit Date Mar 31
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