Instructions Bonds Issued at Face Value A & B Antiques issued the following bonds: Date...
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Accounting
Instructions Bonds Issued at Face Value A & B Antiques issued the following bonds: Date of issue and sale: April 1, 20-1 Principal amount: Sale price of bonds: Denomination of bonds: $1,000 Life of bonds: Stated rate: 1. Prepare journal entries for: a. Issuance of the bonds. b. Interest payment on the bonds on September 30. c. Year-end adjustment on the bonds. If an amount box does not require an entry, leave it blank. $550,000 100 10 years 8%, payable semiannually on September 30 and March 31
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